Credit assurance needed for Sri Lanka…

According to US Treasury Secretary Janet L. Yellen, the Group of 20 nations must cooperate to reduce the debt burden that is impeding the development of too many nations, including Sri Lanka.

“Almost 55 percent of low-income nations, according to the IMF, are either in or on the verge of debt difficulty. I will keep pushing for substantial debt relief for struggling poor nations and emerging markets from all bilateral official creditors, including China “She stated on Thursday in Bengaluru, India (23).

The most pressing issues, according to US Treasury Secretary Janet L. Yellen, are Zambia’s debt treatment and Sri Lanka’s commitment to specific and reliable financial assurances.