India has formally notified that it would support Sri Lanka’s debt restructuring plan, Bloomberg News reported on Tuesday, citing a source with knowledge of the matter.
“With very positive developments taking place over the past 12 hours, Sri Lanka is confident of reaching IMF board approval in the first quarter of 2023,” Sri Lanka’s junior Finance Minister Shehan Semasinghe said by phone Tuesday, when asked if India had assured support. He declined to elaborate, reports Bloomberg.
