Home » US Ambassador stresses fairness in Sri Lanka’s debt overhaul

US Ambassador stresses fairness in Sri Lanka’s debt overhaul

written by MIAP Source

Colombo (LNW): US Ambassador to Sri Lanka, Julie Chung, emphasised the importance of equity and transparency in Sri Lanka’s debt restructuring during a meeting with the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe.

Their discussions focused on Sri Lanka’s engagement with the International Monetary Fund (IMF).

Ambassador Chung lauded the Central Bank for reaching a staff-level agreement with the IMF and reiterated the US’s commitment to fostering a fair and transparent economic environment in Sri Lanka that promotes stability and growth.

“Today, at my meeting with Central Bank Governor I extended my congratulations on the IMF’s staff-level agreement, marking progress in Sri Lanka’s effort to secure the second IMF installment.  I reinforced the need for fairness in Sri Lanka’s debt restructuring: equal & equitable treatment for all creditors is essential. Transparency from every party involved is crucial. The United States remains committed to an economic landscape that values fairness, transparency, integrity, and inclusivity, ensuring stability & growth in Sri Lanka,” Chung wrote on her X.

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written by MIAP Source

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