Saturday, 20 April 2024 11:01

Sri Lanka participates in Global Sovereign Debt Roundtable Featured

Sri Lanka has participated in the Global Sovereign Debt Roundtable (GSDR) in Washington DC, which brings together debtor countries and creditors, in a bid to build a greater common understanding among key stakeholders on debt sustainability, debt restructuring challenges and ways to address them.

Finance State Minister Shehan Semasinghe and Central Bank Governor Dr. Nandalal Weerasinghe attended the roundtable, an initiative led by the International Monetary Fund (IMF), the World Bank and G20 countries.

The participants have reviewed progress on the work to improve debt restructuring processes and timelines, and to help address debt vulnerabilities. They also discussed priority areas for the work going forward.

At the end of the meeting, the IMF Managing Director Kristalina Georgieva, World Bank Group President Ajay Banga, and Finance Minister of Brazil Fernando Haddad, co-chairs of the GSDR, issued the GSDR 2nd Cochairs Progress Report.

 

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