Japan, India, France Launch Initiative to Coordinate With Sri Lanka’s Creditors

It remains unclear whether Sri Lanka's biggest creditor, China, will join the effort

Military personnel in ceremonial uniform lowers the national flag of Sri Lanka at Galle Face Green in Colombo, Sri Lanka, on July 17, 2022. Abhishek Chinnappa/Getty Images

Japan, India, and France on April 13 unveiled a plan to initiate a negotiation process with Sri Lanka’s creditors to coordinate the restructuring of Sri Lanka’s debt as the country seeks to resolve its economic crisis.

The plan was announced following a high-level meeting between officials from the three countries on the sidelines of International Monetary Fund (IMF) and World Bank meetings in Washington. Sri Lankan President Ranil Wickremesinghe also participated virtually.