Japan's FM stresses the importance of debt restructuring agreement with all the creditors to restore stability and economic development of Sri Lanka, which is at a strategic location for entire Indo-Pacific region.
Japan's FM stresses the importance of debt restructuring agreement with all the creditors to restore stability and economic development of Sri Lanka, which is at a strategic location for entire Indo-Pacific region.
After talks with her Sri Lankan counterpart Ali Sabry, Kamikawa called on President Ranil Wickremesinghe and discussed the island's reforms to overcome its worst economic crisis, the two sides said. Kamikawa told reporters that she"stressed the importance of reaching a debt restructuring agreement with all the creditors", including China — the largest bilateral lender to the island.
"The restoration of stability and economic development of Sri Lanka, which is at a strategic location in the Indian Ocean, is essential for the stability and prosperity of the entire Indo-Pacific region," she added. Japan, the second largest bilateral lender to the island has expressed concern about China's big infrastructure projects in Sri Lanka and elsewhere in the region.Unable to repay a huge loan taken from China in 2017 to build a deep sea port in southern Hambantota, Sri Lanka handed it over to a Chinese firm for $1.12 billion on a 99-year lease.
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