Ceylon Chamber commends Govt. on reaching key milestone in EDR

Friday, 28 June 2024 00:40 - - {{hitsCtrl.values.hits}}

The Ceylon Chamber of Commerce yesterday in a statement congratulated the Government in securing an agreement with the official bilateral creditors of external debt.

“We extend our appreciation to the Official Creditors Committee chaired by France, India and Japan, members of the committee, China and the EXIM Bank of China and the Paris Club Secretariat. We also recognise the work of the Sri Lankan negotiating team in securing this agreement led by the President, State Ministers of Finance, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury, other key officials and advisors who have assisted in this process,” the Chamber said.

“We hope that this agreement will provide the momentum to reach an agreement with the commercial creditors at the earliest,” it added.

The Chamber said the completion of the negotiations will help Sri Lanka improve its credit ratings and ease the access to finance for the economy. The Chamber said it will continue to advocate for the implementation of progressive structural reforms that will complement the restructuring of external debt and ensure a sustainable recovery in Sri Lanka’s growth and development trajectory.

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