Sri Lanka Interim Debt Policy Overview
Authorities are currently promoting the formation of an ad-hoc bilateral creditor
coordination platform.
To expedite the process of obtaining financing assurances from official bilateral creditors, the authorities of Sri Lanka encourage the
formation of a unique ad-hoc coordination platform for all bilateral creditors
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The most effective way to obtain the financing assurances quickly is the creation of an
ad-hoc bilateral creditor coordination platform allowing the official bilateral creditors to
give their financing assurances to the IMF collectively after having debated among
themselves, with the IMF and the Government of Sri Lanka on the general contours of
the debt treatment required to support the restoration of debt sustainability
Benefits of such structure include:
Deliver financing assurances and validate the IMF program through a fast-track
solution, allowing Sri Lanka's economy to recover
Position all bilateral creditors on an equal footing for accessing relevant
information
Enable a suitable forum for the negotiation of the bilateral debt restructuring
Offer a forum for discussions on emergency credit lines amongst creditors
themselves
Increase trust and build an environment for constructive discussions
The creation of an ad-hoc bilateral creditor coordination platform would offer a direct mean of communication to
all bilateral creditors, expediting Sri Lanka's obtention of required financing assurances from bilateral creditorsView entire presentation