Severe economic crisis
Sri Lanka, which is stuck in a severe economic crisis, is desperately trying to get a loan from the International Monetary Fund.
But IMF Managing Director Kristalina Georgieva expects Japan, India and China to help solve Sri Lanka’s economic crisis.
He mentioned this in an interview given by the Center for Global Development (CGD) on Sri Lanka’s debt issue.
Three major lenders
There are three main lenders in Sri Lanka. Japan, India and China. We look forward to their participation soon. Then consider parameters involving the private sector, he said.
We don’t see this situation very often. We are ready. First, provide credit details. We need to solve the whole problem, not just a part of the problem.
Debtors must be treated equally. Third, all lenders require a corporate plan. Fourth, these countries need political will. He advises us to treat borrowers, us and other groups equally.