Harsha welcomes bilateral debt deal, awaits details

Thursday, 27 June 2024 02:25 - - {{hitsCtrl.values.hits}}

SJB MP Dr. Harsha de Silva

Main opposition party Samagi Jana Balawegaya (SJB) MP Dr.Harsha de Silva yesterday expressed his satisfaction over Sri Lanka’s successful conclusion of bilateral debt restructuring with the Official Creditor Committee (OCC) and China Exim Bank.

In a post on ‘X’ Dr. de Silva highlighted the SJB’s consistent advocacy for collaboration with creditor nations during their engagements.

“Thank you Japan, China, India. SJB appreciates your support to get Sri Lanka out of the hole they put us in. In our discussions you told us it is not politics, but people. As ‘people’s opposition’ we appreciate your kind gestures. Look forward to strengthening relationships,” he added.

The SJB have been vocal about the need for substantial cooperation from creditor countries to navigate the country’s debt crisis. “We hope the deal is a good one. Awaiting details. However, we are not in agreement with the ‘April ISB proposal’. Need a bigger haircut,” he stated, signalling a cautious optimism about the outcome.

His comments reflect the party’s ongoing scrutiny and constructive criticism of the Government’s debt restructuring strategies, particularly concerning the International Sovereign Bonds (ISB).

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