President appoints top trio to advice on debt restructuring

President Gotabaya Rajapaksa has appointed a trio of eminent economic and fiscal experts to advise him on multilateral engagement and debt sustainability. 

The members of the Advisory Group are: Central Bank of Sri Lanka Former Governor and Economic Affairs Division of the Commonwealth Secretariat Former Director Dr. Indrajit Coomaraswamy; Georgetown University Professor of the Practice of Development and World Bank Former Chief Economist Prof. Shanta Devarajan and Institute of Capacity Development of the IMF Former Director and IMF Africa Department Former Deputy Director Dr. Sharmini Coorey.

Since the appointment of the Presidential Advisory Group, the members have had a round of discussions with Rajapaksa on key matters in going forward with the IMF program, and continue to be in regular communication with related requirements. 

Among the responsibilities that the Presidential Advisory Group will undertake are to engage in discussions with relevant Sri Lankan institutions and officials engaging with the IMF, and to provide guidance that will address the present debt crisis and lead towards sustainable and inclusive recovery for Sri Lanka.