WASHINGTON :Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka's debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.It remains uncertain, however, whether Sri Lanka's bigge
WASHINGTON :Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka's debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.
Sri Lanka's central bank governor had told Reuters earlier this week that having a single platform for talks would be a welcome move that would make it easier to discuss and share information. The island nation of 22 million people last month secured a $2.9 billion programme from the International Monetary Fund to tackle its huge debt burden. But the middle-income economy could not apply for relief under the G20's common framework for debt treatments, which targets only low-income countries.
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