Leaders of the Group of Seven or G7 nations have welcomed the launch of the creditors’ meeting for Sri Lanka.
In a joint statement, leaders of G7 nations while welcoming the launch of the creditors’ meeting, co-chaired by Japan, France and India said they look forward to a swift resolution to Sri Lanka’s debt issues.
According to the statement, leaders of G7 nation is hopeful of a resolution through the creditors’ meeting and it will become a successful model for future multilateral efforts to address middle-income countries’ debt issues.
They have also stressed on the importance of private creditors providing debt treatments on terms at least as favourable to ensure fair burden sharing in line with the compatibility of treatment principle.
