CHINA TO STAY OUT OF SRI LANKA’S CREDITORS’PLATFORM Flashcards
Sri Lanka, Ali Sabry announced that China will not be joining the
ofcial creditors’ platorm,
………………… that have extended loans to Sri Lanka formed an “offcial
creditor commitee”, co-chaired by India, Japan, and France, to discuss Sri Lanka’s request
for debt treatment
17 countries
…………. is the island’s biggest bilateral
lender, followed by Japan, and India
china
Sri Lanka’s total debt ………………….., of which foreign debt amounts to USD 42.6 billion
and domestc debt amounts to USD 42 billion
USD 83.6 billion,
The Paris Club is a group of mostly
western creditor countries formed in
1956 meetng in
which Argentna agreed to meet its public creditors in Paris
Members: of PARIS CLUB
The members are
Australia, Austria, Belgium, Canada,
Denmark, Finland, France, Germany, Ireland, Israel, Japan,
Netherlands, Norway, Russia, South Korea, Spain, Sweden,
Switzerland, the United Kingdom and the United States
TOTAL - 22
All 22 natons are members of theOrganisaton for Economic
Co-operaton and Development (OECD).
President Ranil Wickremesingheo assured that discussions on the reworking of both domestc and external debt would
be completed by……………… News First Lanka reported
JULY OR AUGUST 2023
Fund extended a nearly $3 billion package to the debt-distressed island in May
2023 BY IMF TO SRI LANKA
DEADLINE - SEPTEMBER
