Colombo, April 24 (SocialNews.XYZ) Sri Lanka will appoint advisors to help with its debt restructuring in the next 20 days, Finance Minister Ali Sabry has said.
The Minister told local media that restructuring the country's unsustainable external debt is a major condition to obtain financial assistance from the International Monetary Fund (IMF), reports Xinhua news agency.
Sabry said that the discussions he started with IMF officials in Washington would end on Sunday, and that there are a lot more discussions to be held ahead.
Meanwhile, IMF's mission chief for Sri Lanka Masahiro Nozaki welcomed the planned negotiations with creditors.
"The IMF team welcomed the authorities' plan to engage in a collaborative dialogue with their creditors," he said.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz