Sri Lanka State Minister highlight need for prudent debt management at G-24
ECONOMYNEXT – Many countries that are facing a risks from rising debt has to put in place mechanisms to deal with the debt, Sri Lanka’s State Minister of Finance Eran Wickremeratne has said in Washington.
He was speaking at a meeting of the the Group of 24 nations at the meeting of the International Monetary Fund and World Bank.
"We recognize the importance of putting in place policies to reduce debt vulnerabilities and also look forward to hearing the perspectives of the WB and the IMF on supportive multilateral responses," Minister Wickramaratne was quoted as saying in statement.
Having concerns over increased risks to debt sustainability in some developing and low income countries, G -24 ministers had requested the IMF and World Bank to increase assistance in liability management.