The Paris Club, a group of officials from major creditor countries tasked with finding coordinated and sustainable solutions to debtor countries’ payment difficulties, will begin the debt relief process for Sri Lanka, according to the President’s Media Division.
According to the President’s Media Division, the Paris Club will also coordinate with non-Paris Club bilateral creditors to ensure Sri Lanka’s financial security.
Furthermore, the Paris Club has welcomed the staff level agreement reached between the Government of Sri Lanka and IMF officials for a 48-month plan under the extended fund facility to restore macroeconomic stability and debt sustainability.
