EAM S Jaishankar's visit important in ending debt restructuring, says Sri Lanka

Sri Lanka is currently in negotiations with the IMF for the next tranche of the $2.9 bn bailout package for which IMF has made external debt restructuring conditional

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COLOMBO: Sri Lanka on Tuesday said the recent visit by External Affairs Minister S Jaishankar was important in ending its debt restructuring with international sovereign bond holders.

Jaishankar, who made a day-long trip to Sri Lanka on October 4, became the first foreign dignitary to visit the island nation after Anura Kumara Dissanayake assumed office as the new president on September 23.

Cabinet spokesman and foreign affairs minister Vijitha Herath told reporters here that India's signing up for the agreement as a bilateral creditor endorsing that the agreement was compatible with the comparative treatment principle in debt restructuring.