Home » Japan ready to restart Sri Lanka projects upon debt repayment

Japan ready to restart Sri Lanka projects upon debt repayment

written by MIAP Source

June 17, Colombo (LNW): Japan has expressed readiness to restart halted development initiatives in Sri Lanka once the country begins its debt repayment process, Foreign Minister Ali Sabry revealed.

Speaking at a press briefing held at the Presidential Media Centre, Minister Sabry disclosed his upcoming visit to Japan next month for further negotiations.

“Japan has indicated their intention to resume suspended projects upon the commencement of repayments. I am scheduled to travel to Japan in early July at the invitation of the Japanese Foreign Minister, aiming to finalise the restart of these projects prior to my visit,” Minister Sabry stated.

He added that Sri Lanka has received assurances from its longstanding creditor that all projects initiated with Japanese support will recommence once an agreement is reached with bilateral creditors.

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written by MIAP Source

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