Paris club ready for Lankan debt relief | Daily News

Paris club ready for Lankan debt relief

The Paris Club (French: Club de Paris) a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries said on Friday it was ready to start the debt relief process for Sri Lanka.

“Paris Club members welcome the Staff-Level Agreement (SLA) concluded between the Sri Lankan authorities and IMF staff for a 48-month arrangement under the Extended-Fund Facility (EFF)” it said in a release.

It reiterated its willingness to coordinate with non-Paris Club official bilateral creditors to provide financing assurances promptly.



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