Colombo President Ranil Wickremesinghe will address the nation on Wednesday evening, during which he is likely to brief Sri Lankans on the cash-strapped country's economic challenges and provide an update on debt restructuring efforts external.
President Wickremesinghe, who also holds the portfolio of Finance Minister, will address the nation at 8 p.m. on Wednesday (June 26), the Government Information Department announced on Monday.
Wickremesinghe, 75, who is expected to contest presidential elections in the coming months, is understood to "declare an end to bankruptcy" following an agreement reached with bilateral creditors and private bondholders on foreign debt restructuring. .
Tomorrow the government will sign a memorandum of understanding with the official committee of creditors and the Paris Club of Nations and an agreement with China's Exim Bank and the group of private bondholders.
Public signs reading "good news" have appeared on city walls, appearing to be part of the political campaign about the success of the debt restructuring effort that took so long to achieve.
In mid-April 2022, Sri Lanka declared its first sovereign default since gaining independence from Britain in 1948.
The International Monetary Fund had conditioned the restructuring of the external debt to the rescue of 2.9 billion dollars, the third tranche of which was released last week.
Wickremesinghe oversaw the IMF program while implementing tough economic reforms prescribed by the global lender.
On Sunday he made his first public statement about the presidential elections, which are likely to take place in the last quarter of this year.
Addressing a group of young people, he said elections could take place in September or October.
Wickremesinghe is yet to announce his candidacy, while two other main opposition leaders have already declared themselves in the race.
In July 2022, Wickremesinghe was elected by parliament to become interim president for the remaining term of Gotabaya Rajapaksa, who resigned following public protests over his inability to handle the economic crisis.
President Wickremesinghe, who also holds the portfolio of Finance Minister, will address the nation at 8 p.m. on Wednesday (June 26), the Government Information Department announced on Monday.
Wickremesinghe, 75, who is expected to contest presidential elections in the coming months, is understood to "declare an end to bankruptcy" following an agreement reached with bilateral creditors and private bondholders on foreign debt restructuring. .
Tomorrow the government will sign a memorandum of understanding with the official committee of creditors and the Paris Club of Nations and an agreement with China's Exim Bank and the group of private bondholders.
Public signs reading "good news" have appeared on city walls, appearing to be part of the political campaign about the success of the debt restructuring effort that took so long to achieve.
In mid-April 2022, Sri Lanka declared its first sovereign default since gaining independence from Britain in 1948.
The International Monetary Fund had conditioned the restructuring of the external debt to the rescue of 2.9 billion dollars, the third tranche of which was released last week.
Wickremesinghe oversaw the IMF program while implementing tough economic reforms prescribed by the global lender.
On Sunday he made his first public statement about the presidential elections, which are likely to take place in the last quarter of this year.
Addressing a group of young people, he said elections could take place in September or October.
Wickremesinghe is yet to announce his candidacy, while two other main opposition leaders have already declared themselves in the race.
In July 2022, Wickremesinghe was elected by parliament to become interim president for the remaining term of Gotabaya Rajapaksa, who resigned following public protests over his inability to handle the economic crisis.
