China’s assurances to restructure Sri Lanka debt forwarded to IMF – President

President Ranil Wickremesinghe says Sri Lanka has received a new letter from the Export-Import (EXIM) Bank of China, confirming the Chinese government’s assurances to restructure the island’s debt.

Accordingly, a Letter of Intent – signed by President Wickremesinghe in his capacity as the Finance Minister and Central Bank Governor Dr. Nandalal Weerasinghe – on the assurances received from Sri Lanka’s largest bilateral creditor has been forwarded to the International Monetary Fund (IMF).

President Wickremesinghe made this remark delivering a special statement in parliament on the current state of the country’s economy and the progress of the negotiations with the International Monetary Fund (IMF). – ada derana

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