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The Hindu

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The Hindu Bureau

Along with Japan and India, China can join debt relief effort for Sri Lanka: Nirmala Sitharaman

Sri Lanka China International Monetary Fund Nirmala Sitharaman World Bank India Japan

As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, Finance Minister Nirmala Sitharaman said on Saturday. She also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief measures for countries facing debt vulnerabilities.

Terming multilateral development banks’ (MDBs) reforms and debt-relief measures for many stressed economies as the top two finance track priorities for India during its G-20 Presidency, Ms. Sitharaman said that a comprehensive, better and quicker approach is required to address the problem within the common framework of the IMF and World Bank, as well as “outside” it.

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