Sri Lanka to seek assistance from Paris Club and G7

Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said.

Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka.

Minister Peiris explained that the Government of Sri Lanka will 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).

He said this at a meeting with the Deputy Head of Mission of the Japanese Embassy in Colombo, Katsuki Kotaro.

Kotaro. met with the Minister 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, Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will 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).

Noting that the continued engagement by the international community with Sri Lanka is the key to overcome the economic crisis, both sides discussed how further collaboration can be strengthened. In this context, the Japanese envoy reiterated the support of the Japanese Government in finding sustainable solutions to stabilize the economy of Sri Lanka, the Sri Lanka Foreign Ministry said.

Senior officials of the Ministry of Foreign Affairs and officials of the Embassy of Japan were present during the meeting. (Colombo Gazette)