China’s assurance on restructuring Sri Lanka’s debt has been forwarded to the International Monetary Fund (IMF), President Ranil Wickremesinghe informed the Parliament today (07).
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka’s debt restructuring.
He further stated that a letter of intent signed by himself and the Governor of the Central Bank of Sri Lanka was thereafter immediately handed over to the IMF.
“We have completed our responsibilities. Now, I hope the IMF will do their part by the 3rd or 4th week of this month,” President Wickremesinghe said.
The President added that this will enable the first round of funds from the World Bank and the Asian Development Bank (ADB) to be issued to Sri Lanka.
