Paris Club is ready to start debt relief process for Sri Lanka and coordinate with non-Paris Club Official bilateral creditors to provide financing assurance, according to PMD.
The Paris Club is a group of officials from major creditor countries whose role is to find co-ordinated and sustainable solutions to the payment difficulties experienced by debtor countries. As debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment.
