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Foreign media have reported that the G-20 countries have decided to provide relief to countries suffering from the debt crisis including Sri Lanka.
It is stated that this decision was taken at the meeting of finance ministers and central bank governors of the G-20 countries held in Bangalore, India.
Accordingly, it is said that the G-20 meeting focused on the need to strengthen the multilateral coordination of official bilateral and private creditors to solve the debt crisis and provide facilities to debt-stressed countries.
Kristalina Georgieva, Managing Director of the International Monetary Fund states that a timely and orderly process is needed under a common framework regarding debt settlement in Sri Lanka.
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