The financial consultants appointed to advise on restructuring the Sri Lanka loan have begun discussions with India, China, and Japan on restructuring Sri Lanka’s debt.
Financial advisory group Lazard (LAZ.N) will advise on how to move on to the next step since the IMF has reached a preliminary agreement with Sri Lanka for a loan of about $2.9 billion. However, it has been reported that China has a different approach to restructuring loans than the other lenders.
“They are in the process of speaking to India, China, and Japan, mainly to ensure we come to some sort of consensus,”
acting cabinet spokesperson Ramesh Pathirana told reporters, referring to Lazard.