Sri Lanka: Debts

(asked on 18th January 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the implications for his policies of the statement of 8 January from economists and academics calling on creditors to share the burden of debt restructuring for Sri Lanka.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 24th January 2023

The UK is fully supportive of the proposed Coordination Platform between Sri Lanka's Paris Club and non-Paris Club creditors, which we believe represents the most efficient way to restore debt sustainability in Sri Lanka.

Constructive engagement across creditors is vital to secure a prompt and comprehensive International Monetary Fund programme for Sri Lanka and ensure a sustainable economic recovery. As a member of the Paris Club, the UK stands ready to consider the necessary Financing Assurances to secure an Extended Financing Facility with the IMF in a timely manner.

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