Sri Lankan president praises Japan’s role in tackling debt

Sri Lanka’s President Ranil Wickremesinghe says he appreciates Japan’s leadership in international efforts to restructure his country’s external debt.

Sri Lanka’s President Ranil Wickremesinghe says he appreciates Japan’s leadership in international efforts to restructure his country’s external debt.

Sri Lanka fell into default in April last year after fiscal policy decisions triggered a rapid depreciation of its currency and high inflation.

Wickremesinghe assumed power in July last year amid political upheaval.