SL still few more steps away from celebrating debt restructuring success

Sri Lanka is nearing the completion of its debt restructuring but must continue with economic reforms and avoid past mistakes of abandoning them after achieving stability, as stated by Treasury Secretary Mahinda Siriwardana.

Treasury Secretary Mahinda Siriwardana stated that Sri Lanka is close to completing its nearly two-year debt restructuring exercise but still has a few steps remaining, including final assessments by the International Monetary Fund and the Official Creditor Committee (OCC). He emphasized the need to persist with economic reforms despite challenges, acknowledging support from partners like Japan. Siriwardana stressed that Sri Lanka must avoid past mistakes of abandoning reforms after achieving some stability, as the international community's assistance cannot be relied upon again.

SL still few more steps away from celebrating debt restructuring success | Daily Mirror

Daily Mirror

2024-07-25

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