Sri Lanka president says no aspect preparations with any creditor

COLOMBO: Sri Lanka won’t make aspect preparations with any of its bilateral or business collectors to scale back the affect of debt therapy on them, President Ranil Wickremesinghe mentioned in a letter to collectors seen by Reuters on Tuesday.

The crisis-hit island has secured financing assurances from all its main bilateral collectors, together with India and China, and so has set the stage for the Worldwide Financial Fund (IMF) to provide its closing approval for a $2.9 billion, four-year bailout package deal on March 20.

Sri Lanka president says China agrees to restructure loans