Managing director of the International Monetary Fund (IMF) Kristalina Georgieva has called on China to speed up the restructuring of Sri Lanka’s debt.
She has issued a statement after the conclusion of the Seventh "1+6" roundtable convened in the province of Anhui by the Chinese authorities
Georgieva said that there is a need to accelerate and finalize the debt treatments for Sri Lanka, which would allow for disbursements from the IMF.
"We had a very fruitful exchange, both on the G20 Common Framework and on some specific cases. We need to build on the momentum of the agreement on Chad's debt treatment and accelerate and finalize the debt treatments for Zambia and Sri Lanka, which would allow for disbursements from the IMF and multilateral development banks," she said.
China is a top lender to Sri Lanka along with Japan, the Asian Development Bank and India.