UK reiterates financial assurances to secure IMF bail out for Sri Lanka

The United Kingdom has reiterated that it stands ready to consider the necessary Financing Assurances to secure an Extended Financing Facility with the International Monetary Fund (IMF) in a timely manner to Sri Lanka.

“The UK is fully supportive of the proposed Coordination Platform between Sri Lanka's Paris Club and non-Paris Club creditors, which we believe represents the most efficient way to restore debt sustainability in Sri Lanka,” Minister of State (Foreign, Commonwealth and Development Office) Anne-Marie Trevelyan informed UK Parliament on Tuesday.

The British Minister was responding to a question posed by Conservative MP Bob Blackman to Secretary of State for Foreign, Commonwealth and Development Affairs James Cleverly on what assessment she has made of the implications for his policies of a statement a previous statement from economists and academics calling on creditors to share the burden of debt restructuring for Sri Lanka.