{"id":133717,"date":"2023-04-14T14:23:29","date_gmt":"2023-04-14T21:23:29","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=133717"},"modified":"2023-04-14T14:23:29","modified_gmt":"2023-04-14T21:23:29","slug":"japan-india-france-launch-initiative-to-coordinate-with-sri-lankas-creditors","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/04\/14\/japan-india-france-launch-initiative-to-coordinate-with-sri-lankas-creditors\/","title":{"rendered":"Japan, India, France Launch Initiative to Coordinate With Sri Lanka\u2019s Creditors"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>By\u00a0<span class=\"author_name\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.theepochtimes.com\/author-aldgra-fredly\">Aldgra Fredly<\/a> Courtesy Epoch Times<\/span><\/em><\/span><\/h2>\n\n\n<p><em>It remains uncertain whether China, Sri Lanka\u2019s biggest bilateral creditor, will join the initiative launched by Japan.<\/em><\/p>\n\n\n\n<p>Japan, India, and France on April 13 unveiled a plan to initiate a negotiation process with Sri Lanka\u2019s creditors to coordinate the restructuring of Sri Lanka\u2019s debt as the country seeks to resolve its economic crisis.<\/p>\n\n\n\n<p>The plan was announced following a high-level meeting between officials from the three countries on the sidelines of International Monetary Fund (IMF) and World Bank meetings in Washington. Sri Lankan President Ranil Wickremesinghe also participated virtually.<\/p>\n\n\n\n<p>The ministers announced the launch of the debt restructuring negotiation process on Sri Lanka under the three Co-Chairs: India, Japan, and France, to lead coordinated debt restructuring of Sri Lanka,\u201d India\u2019s finance ministry&nbsp;<a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1916416\" target=\"_blank\" rel=\"noreferrer noopener\">said in a statement<\/a>.<\/p>\n\n\n\n<p>Finance Minister Nirmala Sitharaman reaffirmed India\u2019s commitment to supporting Sri Lanka in dealing with its economic crisis while emphasizing cooperation among creditors to ensure transparency and equality\u201d in the negotiations.<\/p>\n\n\n\n<p>Speaking to reporters, Emmanuel Moulin, the French director general of the Treasury, said they seek to hold the initial round of discussions with creditors at the earliest date possible.<\/p>\n\n\n\n<p>Japanese Finance Minister Shunichi Suzuki said the platform is open to all creditors and expressed hope that China, Sri Lanka\u2019s biggest bilateral creditor, will also join the effort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Aldgra Fredly Courtesy Epoch Times It remains uncertain whether China, Sri Lanka\u2019s biggest bilateral creditor, will join the initiative launched by Japan. Japan, India, and France on April 13 unveiled a plan to initiate a negotiation process with Sri Lanka\u2019s creditors to coordinate the restructuring of Sri Lanka\u2019s debt as the country seeks to resolve [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,193],"tags":[],"class_list":["post-133717","post","type-post","status-publish","format-standard","hentry","category-economy","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/133717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=133717"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/133717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=133717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=133717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=133717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}