Govt to seek assistance from G7

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Sri Lanka expects to seek assistance from Paris Club lenders, G7 countries and other creditors following its decision to work out a debt restructuring plan with the International Monetary Fund (IMF), Foreign Minister Prof. G.L. Peiris told Japan Deputy Head of Mission Katsuki Kotaro.

Prof. Peiris met with Kotaro last week to discuss matters pertaining to bilateral engagements, domestic developments and assistance from the international community in overcoming the current economic challenges encountered by Sri Lanka.

Whilst appreciating the generous assistance and support extended by the Government of Japan particularly during the peak of the Covid-19 global pandemic, the Foreign Minister requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka.

Noting that the continued engagement by the international community with Sri Lanka is the key to overcoming the economic crisis, they discussed how further collaboration can be strengthened. In this context, the diplomat reiterated the support of the Japanese Government in finding sustainable solutions to stabilise Sri Lanka’s economy. (SRM)