Japan ready to support debt restructuring – Japanese Ambassador

Japanese Ambassador to Sri Lanka, Hideaki Mizukoshi told Reuters, on Friday, that Japan is ready to help Sri Lanka in the debt restructuring negotiation process

“Japan stands by Sri Lanka in support of the debt restructuring negotiation process so that Sri Lanka can reach the final agreement with the IMF,” Ambassador Mizukoshi said, talking to Reuters.

Sri Lanka owes Japan around 3.5 billion US Dollars. “Japan intends to play a constructive role with other creditor countries, including China and India,” the Ambassador said.However, Japan will think about helping Sri Lanka with large infrastructure projects, only after Sri Lanka’s economy recovers.

“In the future, when this economic crisis is over and the economic conditions are in good shape, we can restart that kind of discussions,” he said.Mizukoshi also said that Japanese investments will also increase once the “environment for investment to Sri Lanka improves.”