Japan and India to organize Sri Lanka creditors meeting

Successful resolution could serve as model for future debt restructuring

20230412 Sri Lanka

Although Sri Lanka still lacks the foreign currency it needs to buy crucial imports, President Ranil Wickremesinghe says there are signs the economy is improving. © Reuters

DAICHI MISHIMA, Nikkei staff writer

WASHINGTON -- Japan is set to take the lead in establishing a meeting of creditor nations to promote the restructuring of Sri Lanka's debt, Nikkei has learned.

Japan, India, France and other lenders are expected to announce the plan on Thursday. China, Sri Lanka's largest bilateral lender, will be invited.

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