Japan Ready to Resume Suspended Official Development Assistance Projects

Dr. IZUMI Hiroto, the head of the Japanese delegation visiting Sri Lanka, lauded the successful completion of the country's debt restructuring process, noting that it has paved the way for the resumption of Japanese Official Development Assistance (ODA) projects.

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These projects, which include several initiatives that were suspended last period, are now poised to restart, signaling a renewed phase of cooperation and development.

Dr. Hiroto highlighted that the international community's confidence in President Ranil Wickremesinghe's leadership is strongly reflected in the expedited success of the debt restructuring agreements. This achievement, accomplished in partnership with the Official Creditors' Committee and the International Monetary Fund, underscores a remarkable turnaround for Sri Lanka.

The high-level Japanese delegation, comprising representatives from the housing, construction, and urban sectors, met with President Ranil Wickremesinghe.

During the meeting, Dr. IZUMI Hiroto highlighted the successful completion of Sri Lanka's debt restructuring process and announced that projects under Japanese Official Development Assistance (ODA), including those previously suspended, are set to resume.