US ‘stands by Sri Lanka for a sustainable recovery’

The US has welcomed the in-principle agreement reached between Sri Lanka and the Official Creditor Committee (OCC) on specific financing terms to restructure the island nation’s debt in line with the parameters set in the International Monetary Fund (IMF) program.

Taking to X (formerly Twitter), the US Ambassador in Colombo, Julie Chung said this agreement supports a viable path to economic stability for Sri Lanka.

Chung emphasized that the agreement on debt restructuring and sound economic policies are crucial for the timely release of the next tranche of the IMF’s bailout package, which she said would provide the much-needed financial support for continued economic stabilization, recovery, and the improvement of public services, benefiting the people of Sri Lanka.

The ambassador reiterated that the United States stands by Sri Lanka for a sustainable recovery.