CBSL Governor and Treasury Secretary represent SL at Global Sovereign Debt Roundtable

Monday, 28 April 2025 04:43 - - {{hitsCtrl.values.hits}}

Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe and Treasury Secretary K.M. Siriwardana participated in the Global Sovereign Debt Roundtable (GSDR), which was held in Washington, DC, on 23 April on the sidelines of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).

The GSDR was formed in February 2023 to bring together debtor countries and creditors, to enhance common understanding amongst stakeholders on debt-related challenges and solutions.

The GSDR is co-chaired by the IMF, World Bank, and the G20 Presidency. Apart from bringing together diverse debt-related stakeholders, the GSDR’s achievements include the recently introduced Sovereign Debt Restructuring Playbook for Country Authorities.

Since its formation, Governor Dr. Weerasinghe has actively participated in GSDR discussions.

During this round, while sharing Sri Lanka’s experience in debt restructuring, the Governor also emphasised the important role of sovereign rating agencies to ensure countries in debt distress exit smoothly from default status upon successful completion of debt restructuring.

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