The Paris Club Members said in a statement that they are ready to start the debt relief process for Sri Lanka.
The relevant announcement states that the Paris Club is ready to start a debt remedy procedure and reiterated its willingness to coordinate with the non-official bilateral creditors of the Paris Club to provide the necessary financial insurance and provide the necessary financial assurances in a timely manner.
The related announcement further states that the society has accepted the official level agreement between the Sri Lankan government and the International Monetary Fund officials for a 48-month plan under extended credit facilities.
Below is the relevant announcement,
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