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Japan calls for creditor nations' talks on Sri Lanka debt restructuring

Shunichi Suzuki, Japanese Finance Minister

02 September 2022 07:54 (UTC +04:00)

Japanese Finance Minister Shunichi Suzuki on Friday urged all creditor nations to discuss Sri Lanka's debt restructuring, after the crisis-hit South Asian nation reached a loan agreement with the International Monetary Fund, APA reports citing Reuters.

"It's important for all creditor nations, including China and India, to gather to discuss Sri Lanka's debt restructuring," Suzuki told a news conference.

Sri Lanka has reached a preliminary agreement with the IMF for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out of its worst economic crisis since independence from Britain in 1948.