Economic crisis: Sri Lanka expects Japanese support

Sri Lanka’s Ambassador to Tokyo Rodney Perera met the Governor of the Bank of Japan (Japanese Central Bank) Haruhiko Kuroda, and exchanged thoughts and ideas on the world financial situation and the global economic outlook for 2023 as well as Sri Lanka’s debt restructuring process and the way forward for constructive support from Japan, sources said.

Just after the announcement of IMF approval of the Extended Fund Facility for Sri Lanka, Japanese Prime Minister Fumio Kishida, stated in New Delhi that: “Japan will promote the implementation of the G20 Principles for ‘Quality Infrastructure Investment.’ It is essential that Sri Lanka’s debt restructuring advances in a fair and transparent manner. Japan will collaborate closely with India and contribute to stability in the South Asian region. There are many excellent Japanese companies that can provide quality infrastructure. We will encourage their overseas operations that excel in providing quality infrastructure, thereby revitalizing both the local economy and Japan’s economy.”