SL debt treatment: India to play 'constructive role' as co-chair of Creditors Committee
The Statesman|July 10, 2023
India has assured Sri Lanka that it will play a constructive role as a Co-Chair of the Creditors Committee along with Japan and the Paris Club.
SL debt treatment: India to play 'constructive role' as co-chair of Creditors Committee

The assurance came from Indian Deputy High Commissioner in Colombo Vinod K. Jacob. He also said that India was the first creditor nation in January this year to convey the financing assurances needed to kick-start the IMF process.

Following Sri Lanka’s request for debt treatment, in May, 17 countries formally formed an official creditor committee which is co-chaired by India, Japan and France.

“India’s financial and humanitarian support worth $4 billion is far in excess of the total anticipated Extended Fund Facility of the IMF,” the Deputy High Commissioner said while participating at the inauguration of the Construction, Power and Energy Expo 2023 in Colombo in which nearly 50 Indian companies participated.

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