ECONOMYNEXT – Sri Lanka has urged Japan back its existing yen-loan projects in order to attract further investment and secure gap financing, the island nation’s Finance Ministry said in a statement.
The Japan-Sri Lanka Economic Cooperation Policy Dialogue was held on Friday (04) in Colombo in order to exchange views on the matters pertaining to the Japanese funded project portfolio and exploring the future development and prospective economic cooperation policies between Japan and Sri Lanka.
The Japanese delegation was led by Ishizuki Hideo, Assistant Minister/ Director General, International Cooperation Bureau, Ministry of Foreign Affairs of Japan.
Harshana Suriyapperuma, the newly appointed Finance Ministry/Treasury Secretary, leading the Sri Lankan delegation requested the continued cooperation of Japan, including support for existing Yen loan projects, in order to attract further investment and secure gap financing.
“He also emphasized the need for both technical and financial assistance to advance Sri Lanka’s ongoing reform programme, which is aligned with the IMF programme,” the Finance Ministry said in a statement.
Ishizuki emphasized that Japan will advance its efforts to achieve the goals of Sustainable Development Goals (SDGs) including poverty eradication, reducing disparities, and addressing climate change—as part of its broader aim to realize the concept of human security.
The Japanese Assistant Foreign Minister outlined three key pillars through which Japan intends to support Sri Lanka’s economic recovery and long-term stabilization which include fiscal and structural reforms and enhancement of economic foundation for sustainable economic growth, enhancing social resilience, as ensuring peace and stability, the Finance Ministry said in the statement.
“The two sides also exchanged views on Japan’s future economic cooperation with Sri Lanka, including the existing Yen loan projects, to stabilize and reinforce Sri Lanka’s economy as well as overcome its socio-economic challenges.
Ishizuki stated that “Japan will continue to provide support to the people of Sri Lanka to help the country fully recover from the economic crisis as soon as possible and return to a path of progressive development.” (Colombo/July 04/2025)