President Ranil Wickremesinghe said that Sri Lanka will need 25 years from now to 2048 to repay what Sri Lanka has borrowed.
The media reports that President Wickremesinghe made the following comments during a meeting with the Sri Lankan diaspora in the United Kingdom.
Commenting further, he has stated, “It’s not a secret that we are all broke as a country. We have to pull ourselves up by our bootstraps. We have already started discussions with the IMF and the staff level agreement is there. We have to talk to India, China, and Japan and to the private creditors. While we look at our issues of debt, we also have to repay what we have borrowed. This means we need 25 years from now to 2048. Then we will be 100, by then we will be a prosperous society,” the President said.
A delegation from the International Monetary Fund (IMF) was in Sri Lanka for talks recently, during which a staff-level agreement was also reached.