Lagu Shop, Author at Sunera Foundation

Sri Lankan Authorities Detain Hindu Worshippers

May 24, 2023 Lagu Shop

A recent event has caused a lot of talk. Sri Lankan Authorities Detain Hindu Worshippers, bringing up big worries about religious freedom violations and how minority groups are treated. This shows the big issues with Sri Lanka human rights.

During a festival, eight Tamil Hindu worshippers were arrested at the Veddukkunari temple near Vavuniya. They were taken while doing their rituals and kept for a long time. This event highlights the problems minorities in Sri Lanka face.

The arrests made people question the authorities’ actions, as there was earlier approval for the festival. Even though there were concerns about ritual fires causing damage, the court later freed the worshippers. This made people wonder if the arrests were right.

Amid these issues, it’s important to remember that Sri Lanka is also dealing with a big economic crisis. This makes the situation even harder for the country.

Sri Lankan Authorities Detain Hindu Worshippers

Key Takeaways

Authorities’ detention of Hindu worshippers raises concerns over religious freedom in Sri Lanka.
The incident at Veddukkunari temple reflects broader issues of minority rights.
Legal precedents for religious festivals clash with governmental actions.
The role of nationalist groups and government agencies in minority oppression is under scrutiny.
Sri Lanka’s economic struggles may compound its human rights challenges.
International awareness and dialogue are crucial for remedying religious freedom violations in Sri Lanka.

Violation of Religious Freedom in Sri Lanka: Hindu Worshippers’ Rights Breached

In Sri Lanka, the right to practice religion freely is under threat. This is especially true for the Tamil Hindu community. They face many challenges due to disputes over religious sites. The Department of Archaeology and the Tamil community often clash. This is over claims of Buddhist temples being built on Tamil lands.

Recent data from 2023 shows a worrying trend in the north and east of the island. The Department of Archaeology, with help from the Ministry of Defense, has tried to build Buddhist temples on lands owned or used by Tamil Hindus 37 times. This has sparked religious tension and added to the conflict between different cultural and religious groups.

This issue is raising alarms among human rights groups, both locally and worldwide. They call for balance and respect for the rights of the Tamil minority. Such disputes show a problematic pattern that could lead to deeper divisions in society if not handled properly.

The situation could impact the 12.6% of Sri Lanka’s population that follows Hinduism. The nation’s constitution also recognizes Buddhism, Islam, and Christianity. But, it places Buddhism in a special position. This often leads to favoritism in public policy and affects the Tamil Hindus’ religious and cultural lives.

Given these complex issues, it’s critical for Sri Lanka to uphold human rights and religious freedom. Fair treatment of all religious groups is a must. Laws must be strengthened and applied fairly to foster peace among Sri Lanka’s diverse religious communities.

By recognizing these challenges and striving for legal and social changes, Sri Lanka can hope for harmony. It’s essential for respecting all religious traditions equally. This is key for Sri Lanka’s advancement in the global human rights arena.

Sri Lankan Authorities Detain Hindu Worshippers During Veddukkunaari Temple Rituals

Sri Lanka is at a crossroad, balancing religious freedoms and human rights. The nation, rich in culture and religion, faces issues. Recent events at the Veddukkunaari temple have raised concerns. Hindu worshippers were detained, affecting Tamil minority rights. This action underscores ongoing religious freedom violations.

Contextual Background of the Veddukkunaari Temple Controversy

The Veddukkunaari Temple is important to Hindu Tamils. Sinhala Buddhist monks claimed the site, with government support. This has caused tension and raised human rights issues. The Hindu religious practices there are historic. The conflict has led to legal consequences for the local community.

Legal Developments and Court Rulings for Detained Worshippers

Hindu worshippers were mistreated after their detainment. There was a public outcry and legal intervention. Courts ruled in favor of releasing the detainees. These incidents highlight the importance of religious freedom and minority rights in Sri Lanka.

The Role of Nationalist Buddhist Monks and Government Agencies

Nationalist Buddhist monks and the military attended a temple event. Their presence raised concerns over freedom and community division. These monks and agencies have taken actions that limit religious practices.

Tamil Hindu Minority: Targeted Traditions and Religious Practices

The Tamil Hindu Minority faces challenges. Their religious spaces and rituals are targeted. This leads to religious conflict and human rights issues. A respectful solution for all religious identities is needed in Sri Lanka.

OMP Sri Lanka keeps the world informed about these issues. They provide updates on religious freedom and human rights in the country. It’s important for the public to stay informed.

Inflation Peaks at 70% in 2022; Government Takes Action

May 15, 2023 Lagu Shop

Sri Lanka faced a severe economic crisis in 2022. Inflation hit 70% in September, the highest since independence. This was due to monetary financing, currency depreciation, and rising global commodity prices.

The cost-of-living crisis hit the nation hard. The government introduced austerity policies and fiscal tightening to stabilize the economy. They also implemented price controls and raised interest rates to curb inflation.

Despite these efforts, GDP was expected to shrink by 2.3% in FY2023. A recovery of 4.4% was projected for FY2024. The agricultural sector showed strength, with exports rising in early 2024.

The crisis deeply affected the population. In 2024, 23.4% lived below $3.65 per day. Another 64.3% lived on less than $6.85 per day. Unemployment stayed around 4.7% in 2022 and 2023.

The government worked to boost exports and attract foreign investment. They also managed external debt, which was 43% of GDP in 2024.

Key Takeaways

Inflation in Sri Lanka peaked at 70% in September 2022, the highest since independence.
The government implemented austerity measures, fiscal tightening, and price controls to address the economic crisis.
GDP growth was forecasted to contract by 2.3% in FY2023, with a projected recovery of 4.4% in FY2024.
The agricultural sector showed resilience, with exports surging in the first half of 2024.
Poverty rates remained high, with 64.3% of the population living on less than $6.85 per day in 2024.

Sri Lanka’s Economic Crisis and Record-High Inflation

In 2022, Sri Lanka faced a severe economic crisis. Inflation peaked at an alarming 70%. The nation’s vulnerabilities worsened due to policy mistakes and global shocks.

Foreign exchange reserves depleted rapidly. This led to widespread social unrest and political instability. Citizens struggled with shortages of essential goods and services.

Preexisting Vulnerabilities and Policy Missteps

Sri Lanka’s economy was already fragile. Droughts, political crises, and terrorist attacks had taken their toll. Unsustainable policies, like significant tax cuts, made things worse.

The country entered the pandemic unprepared. It had thin reserves, high debt, and limited fiscal space. These factors left Sri Lanka vulnerable to economic shocks.

Impact of Global Shocks and Depleted Reserves

The war in Ukraine in early 2022 devastated Sri Lanka’s economy. With empty reserves, the nation faced a debt default. Importing essential goods became difficult, causing fuel shortages and power cuts.

Despite challenges, Sri Lankans united during Vesak celebrations. They found hope and unity amid the crisis.

Social Unrest and Political Instability

Economic hardships led to social unrest and political instability. Protests erupted, demanding solutions to shortages and government accountability. These events resulted in leadership changes.

Some sectors showed resilience amid the crisis. Apparel, textiles, and coconut-based products grew in September 2024. OMP Sri Lanka reported this positive trend.

Inflation Peaks at 70% in 2022; Government Implements Austerity Measures

Sri Lanka faced a severe economic crisis in 2022. Inflation skyrocketed to 70%, driven by monetary financing and rupee depreciation. Global commodity prices surged, followed by administrative price hikes.

Essential goods became scarce, and many lost their jobs. The tourism industry was hit particularly hard. Schools closed, and a food crisis loomed due to fertilizer shortages.

Causes of Hyperinflation: Monetary Financing and Currency Depreciation

Sri Lanka’s high public debt exceeded 70% of GDP. Low fiscal revenue made the country vulnerable to external shocks. Decreased government spending and poor financial management led to lower productivity.

Government’s Response: Fiscal Tightening and Price Controls

The government introduced austerity measures to tackle the crisis. These included tax increases and spending cuts. The central bank tightened monetary policy to curb inflation.

Temporary import suspensions were used to stabilize the economy. However, these actions increased the tax burden on individuals and businesses. State-owned enterprises suffered substantial losses, requiring government intervention.

The government’s response aimed to restore financial stability. It faced challenges from strikes and protests over salary demands. The goal was to start a disinflation process and economic recovery.

UNESCO Adds Sri Lanka’s Kōlam Dance to Heritage List

May 13, 2023 Lagu Shop

UNESCO has officially recognized Sri Lanka’s traditional Kōlam dance as Intangible Cultural Heritage. This decision marks a milestone in preserving this ancient art form. Kōlam holds deep cultural significance for Sri Lankans.

Kōlam is a masked dance ritual showcasing Sri Lanka’s rich cultural diversity. It features intricate masks, colorful costumes, and symbolic performances. These elements tell stories from Sri Lankan mythology and folklore.

UNESCO’s recognition underscores Kōlam’s importance as a living tradition. It embodies the island nation’s unique heritage. This acknowledgment will help safeguard Kōlam for future generations.

The inclusion on UNESCO’s list will raise global awareness about Kōlam’s cultural value. It will provide resources for its continued practice and transmission. This recognition affirms Sri Lanka’s commitment to preserving its diverse traditions.

Key Takeaways

UNESCO has recognized Sri Lanka’s traditional Kōlam dance as an Intangible Cultural Heritage
Kōlam is a masked dance ritual that represents Sri Lanka’s diverse cultural tapestry
The dance features unique masks, costumes, and symbolic performances based on Sri Lankan mythology
UNESCO’s recognition will help preserve and promote Kōlam dance for future generations
The decision affirms Sri Lanka’s commitment to safeguarding its cultural heritage in a globalized world

Sri Lankan Kōlam Dance: A Unique Cultural Tradition

The Kōlam dance is a captivating folk art in Sri Lankan culture. This ritual dance showcases the island’s rich artistic expressions. Its origins are deeply rooted in local folklore and religious beliefs.

Origins and History of Kōlam Dance

Kōlam dance has been around for centuries as a unique cultural tradition. It has evolved over time, blending various influences. Yet, it has kept its core essence intact.

Significance of Kōlam Dance in Sri Lankan Culture

Kōlam dance is crucial to Sri Lankan cultural identity. It serves as a powerful medium for storytelling and emotional expression. The dance brings communities together during important festivals and ceremonies.

Aspect	Significance
Cultural Identity	Embodies Sri Lankan folklore and religious beliefs
Community Engagement	Performed at festivals and ceremonies, uniting people
Storytelling Medium	Conveys narratives and emotions through expressive movements

Distinctive Features of Kōlam Dance

Kōlam dance is famous for its elaborate masks and intricate costumes. The masks represent characters from folklore and mythology. Each mask has its own symbolic meaning.

Dancers use fluid motions and gestures to bring stories to life. Their skill and artistry captivate audiences. The dance’s expressive movements are a key feature.

UNESCO recently added Kōlam dance to its Heritage List. This recognition highlights its importance as a treasured cultural tradition. It also emphasizes the need to preserve Sri Lanka’s diverse folk arts.

Sri Lanka’s ‘Kōlam’ Dance Recognized by UNESCO as Intangible Cultural Heritage

UNESCO has added Sri Lanka’s Kōlam dance to its Intangible Cultural Heritage list. This recognition highlights the dance’s unique artistic value and cultural importance. It now stands alongside other globally recognized cultural treasures.

UNESCO’s Intangible Cultural Heritage List

UNESCO’s list aims to protect diverse cultural expressions worldwide. It safeguards human creativity and identity across the globe. This recognition ensures the Kōlam dance’s protection for future generations.

Criteria for Inclusion on the List

Cultural elements must show significance, authenticity, and community connection. The Kōlam dance met these criteria with its complex choreography and vibrant costumes. Its spiritual symbolism proves its key role in Sri Lankan culture.

The dance also showcases its ability to encourage intercultural dialogue. This aspect further strengthened its case for UNESCO recognition.

Implications of UNESCO Recognition for Kōlam Dance

UNESCO’s recognition will raise global awareness about the Kōlam dance. It will attract international attention and appreciation for this art form. This acknowledgment provides opportunities to safeguard and promote the tradition.

The recognition encourages teaching the dance to younger generations. It ensures the dance’s continued vibrancy in Sri Lankan culture. UNESCO’s nod can also boost cultural tourism in Sri Lanka.

UK Foreign Office Issues Travel Advisory for Sri Lanka

May 4, 2023 Lagu Shop

The UK Foreign, Commonwealth & Development Office (FCDO) has issued a UK travel warning for Sri Lanka. It urges citizens to be careful, mentioning the importance of staying safe while traveling there. This warning follows after incidents like the 2019 Easter Sunday attacks that took over 250 lives, showing the danger of terrorism in the area.

UK Foreign Office Issues Travel Advisory for Sri Lanka

The UK Foreign Office travel advisory notes rare violent crimes against foreigners but warns of bank card fraud and drink spiking. UK nationals should get comprehensive travel insurance and follow the Foreign Office’s real-time updates. This is crucial as the country heads to parliamentary elections.

The advisory also offers advice for specific groups including women, LGBT+ travelers, and people with disabilities. They are advised to be cautious due to some laws and social attitudes in Sri Lanka. The notice also mentions the possibility of unexpected protests, encounters with local wildlife, or tough surf conditions. Travelers should therefore weigh a variety of safety factors when visiting Sri Lanka.

Understanding the UK Foreign Office Travel Alert for Sri Lanka

UK Foreign Office Travel Alert for Sri Lanka

The UK Foreign Office advisory updated its travel alert for Sri Lanka. It warns of terrorist threats due to past attacks. Specifically, the 2019 Easter Sunday attacks killed over 250 people. Travelers are advised to be vigilant and consider travel insurance Sri Lanka that covers terrorism.

Terrorist Threats and Their Implications for Travelers

The UK Foreign Office travel alert indicates a high risk of terrorism. Places like tourist sites, religious areas, and public spots are especially dangerous. This advisory tells UK citizens to stay informed and avoid certain areas.

Safety Measures and Precautions for UK Nationals

UK travel advice Sri Lanka focuses on safety. It advises avoiding large events and protests, which can turn violent. It also warns of petty crimes like theft. Therefore, keep your things safe and be careful with money transactions.

Travel Insurance: A Pre-Requisite for a Safe Journey

It’s vital to get good travel insurance Sri Lanka. This insurance covers health issues and theft or loss. It helps financially and ensures you get medical help if needed, making travel safer.

Advice for Specific Groups: Women, LGBT+ Travelers, and Those with Disabilities

Women should be careful in crowded spots to avoid harassment. The advice for LGBT+ travellers is to be discreet and avoid public affection. This avoids legal and social problems. Those with disabilities should check accessibility in advance for a better trip.

With these advisories, UK visitors to Sri Lanka can prepare well. They can make their trip safer, following the UK Foreign Office advisory.

Analyzing Sri Lanka’s Entry Requirements and Health Recommendations

Travelers from the UK should carefully understand Sri Lanka entry requirements and health advice. The global health situation and geopolitical issues make it vital to follow these guidelines closely. This ensures a safe and enjoyable trip to Sri Lanka.

Entry Requirements for UK Travelers to Sri Lanka

UK travelers need a tourist visa for Sri Lanka. The Electronic Travel Authorization (ETA) is a must. It’s best to apply online a few days before you go. This visa usually lasts for 30 days.

To make entry smoother, fill out an embarkation form online three days before arriving. Also, your passport must be valid for six months after you get there. With the current economic situation, it’s smart to check with the UK Foreign Office for any UK travel warning Sri Lanka.

Health Considerations for Visitors

Staying healthy in Sri Lanka requires attention. You’ll need certain vaccinations like Typhoid, Hepatitis A and B, and Rabies due to stray animals. It’s best to drink bottled water instead of tap water to avoid getting sick.

Be mindful of diseases spread by insects, like malaria and dengue fever. Hotels and local guides will offer the latest health advice travel Sri Lanka.

Requirement	Description
ETA for UK Travelers	Must be applied for online a few days before departure.
Visa Validity	Typically 30 days from issuance.
Passport Validity	Minimum six months beyond the date of arrival.
Vaccinations	Recommended: Typhoid, Hepatitis A and B, Rabies.
Water Safety	Drink bottled water to avoid diseases.

For more insight into Sri Lanka’s economic recovery, look at recent economic developments from a local viewpoint.

Conclusion

The UK Foreign Office recently advised on travel to Sri Lanka, highlighting the changing security situation for travelers. This comes after incidents like the Easter Sunday bombings, where eight Britons were among those tragically killed. The bombings left over 500 injured, and although the death toll was initially about 253, it was later corrected.

Sri Lanka’s tourism has grown significantly, from $350 million in 2009 to $4.4 billion in 2018. But now, it faces challenges after these events. Travel company Tui has been actively working to ensure travelers’ safety, showing how serious the situation is. This shows how important tourism is to Sri Lanka’s economy and how the UK’s advisory could have long-term effects.

UK travelers going to Sri Lanka should follow the UK Foreign Office’s advice closely. The country is working on projects like climate-smart agriculture with help from international organizations. This indicates Sri Lanka’s focus on resilience and progress. The nation is also a key educational partner with the UK, offering more reasons for British citizens to visit. Understanding these facts underscores the importance of keeping informed on travel advisories.

Japan to Resume Funding for Sri Lanka Projects, Envoy Says

March 23, 2023 Lagu Shop

Japan is set to resume its financial support for crucial Sri Lankan infrastructure projects. This move strengthens diplomatic ties and brings vital international aid. It comes as Sri Lanka secures a $10 billion debt restructuring deal with creditors, a key step in crisis management and boosting foreign investment.

The funding restart points to a deeper friendship and vital support for Sri Lanka’s economic recovery. Mizukoshi Hideaki, Japan’s envoy in Colombo, says the aid will improve Sri Lanka’s airport, water sanitation, and healthcare. These efforts are crucial for the nation’s growth path.

Japan’s support is key as Sri Lanka works to fix its economy. The pledge of $1.1 billion over five years opens a new chapter for stability and growth. This aid is especially important as Sri Lanka’s economy is expected to grow by 3% in 2024 after facing severe setbacks.

Finance Ministry’s Ajith Abeysekera is hopeful after the IMF supported Sri Lanka’s financial reforms. With Japan’s help, Sri Lanka is working through its debt challenges. This collaboration is vital for a lasting economic comeback.

Japan to Resume Funding for Stalled Projects in Sri Lanka, Envoy Says

Revitalizing Stalled Infrastructure Under Japan-Sri Lanka Collaboration

Japan has decided to invest $1.1 billion in Sri Lanka over five years. This huge investment focuses on two key areas: expanding airports and improving health infrastructure. These sectors are vital for the country’s economic growth.

$1.1 Billion Investment Over Five Years

This investment from Japan highlights a strong partnership. It brings new energy to projects that were on hold. It will speed up the growth of Sri Lanka’s main international airport. This will improve global connections and create new economic chances.

Key Projects: Airport Expansion and Health Infrastructure

Besides increasing air transport, a lot of the funds will enhance the health sector. Hospitals and health services across Sri Lanka will get better. This ensures economic growth goes hand in hand with better health services. It will improve life quality for citizens.

The Role of Bilateral Relations in Economic Recovery

Strengthened Japan-Sri Lanka ties are crucial. They help with debt restructuring and lead to economic recovery. This partnership shows a commitment to stability and prosperity in Sri Lanka. It’s a model for future projects that might include more ambitious ventures. These could turn the country into a regional hub for tourism and business.

Japan’s investment also shows trust in Sri Lanka’s future. It aims to kickstart both local and regional economic growth. This could attract more foreign investment and significantly change Sri Lanka’s economy.

The Japan-Sri Lanka collaboration on key infrastructure projects is an inspiring story. It shows how targeted investment and strong international relationships can help economies recover and grow.

Japan to Resume Funding for Stalled Projects in Sri Lanka, Envoy Says

Japan has agreed to restart funding for Sri Lanka, a crucial step during its $10 billion debt restructuring process. This provides Sri Lanka with a much-needed pause in debt repayments. It paves the way for economic recovery and shows the value of financial assistance.

Japan’s decision to fund again supports 11 key projects in Sri Lanka, totaling over $1.1 billion. This act reinforces trust in Sri Lanka’s future and economic recovery. It helps relieve financial pressure and creates a foundation for growth.

Navigating the $10 Billion Debt Restructuring Deal

The debt restructuring plan is vital for Sri Lanka’s economic stability. It includes a four-year grace period, potentially saving Sri Lanka up to $5 billion in repayments. This effort protects fiscal health and encourages economic recovery.

Prospects for Sri Lanka’s Economic Growth Post-Funding Resumption

With new financial plans underway, Sri Lanka’s future looks brighter. Experts expect a 3% GDP growth in 2024. Areas like tourism and construction are recovering fast, boosting the economy post-COVID-19.

Impact of Debt Treatment Agreement with Official Creditor Committee

The deal with the Official Creditor Committee (OCC) marks a significant step. It has led to effective crisis management and beneficial debt restructuring terms. This helps ensure long-term stability and growth for Sri Lanka.

Sri Lanka is also working on improving regional relations, especially with India and China. These efforts are vital for the country’s economic resilience and recovery. For deeper insights into Sri Lanka’s efforts in stabilizing its economy through diplomacy, check out the discussions here.

Crisis Management and International Aid: A New Dawn for Sri Lanka

Sri Lanka was in a tight spot and needed help. The country was struggling with a big financial crisis. The economy was really bad. But there was a glimmer of hope. Sri Lanka managed to get a big aid from the International Monetary Fund (IMF). They got a bailout for $2.9 billion. This money will help the country to get back on its feet. It will also strengthen ties with other countries. Japan, for example, has agreed to help out. This shows there’s a lot of support for Sri Lanka during these hard times.

Sri Lanka is trying to do more than just fix its budget problems. It’s working on making better connections with other countries too. Countries like Japan are ready to help. They want to support places that are trying to improve how they are run. This helps Sri Lanka a lot. It’s dealing with tough issues like debt and the need for clear government actions. The country needs to stick to strict rules against corruption. It also needs to fix its tax system. This will help Sri Lanka do better in the world market.

According to the Asia Report N°278, Sri Lanka has a tough road ahead. It’s still feeling the aftermath of a long conflict. However, there’s hope. With help from the IMF and other countries, Sri Lanka can move forward. This aid is a chance for Sri Lanka to improve how it governs. It aims to treat all its people fairly, no matter their background. Good relationships with other countries are very important. They can help Sri Lanka face its economic and social challenges. Together, they can build a stronger and more united Sri Lanka.

FAQ

What is the significance of Japan’s commitment to resume funding for projects in Sri Lanka?

Japan’s decision to restart funding projects in Sri Lanka greatly helps the country. It shows a strong bond and a readiness for foreign help. This is vital for managing crises and recovering financially.

How much has Japan committed to investing in Sri Lanka over the next five years?

Over the next five years, Japan plans to invest

FAQ

What is the significance of Japan’s commitment to resume funding for projects in Sri Lanka?

How much has Japan committed to investing in Sri Lanka over the next five years?

Over the next five years, Japan plans to invest $1.1 billion in Sri Lanka. This will help rejuvenate important infrastructure projects. These are key to the country’s economic growth and improving public services.

Which critical infrastructure projects will benefit from the renewed Japanese funding?

Japan’s renewed funding will mainly improve Sri Lanka’s main international airport and health facilities. These upgrades are essential for strong economic growth and better public services.

How will the restored bilateral relations between Japan and Sri Lanka aid in economic recovery?

Restored relations with Japan bring hope of foreign investment and support. This partnership will help Sri Lanka’s economy by providing needed funds. It will also help in restructuring debt and supporting critical development projects.

What is the role of Japan in Sri Lanka’s $10 billion debt restructuring deal?

Japan was key in negotiating Sri Lanka’s $10 billion debt restructuring deal. As a main creditor in the Official Creditor Committee, Japan’s role was critical. It helped give Sri Lanka a chance to restart funding for development.

How does the debt treatment agreement impact Sri Lanka’s prospects for economic growth post-funding resumption by Japan?

The debt treatment deal makes restructuring Sri Lanka’s debt easier, saving money in the short term. This opens the way for economic stability and growth. With Japan’s help, Sri Lanka’s economy could grow 3% in 2024. This is a big change from recent economic downturns.

What does the International Aid led by Japan signify for Sri Lanka amidst its financial crisis?

Japan leading international aid is a key moment for Sri Lanka in managing its financial crisis. It shows the world’s commitment to help. This support is important as Sri Lanka works through tough economic times and aims to get back on the global stage.

.1 billion in Sri Lanka. This will help rejuvenate important infrastructure projects. These are key to the country’s economic growth and improving public services.

Which critical infrastructure projects will benefit from the renewed Japanese funding?

Japan’s renewed funding will mainly improve Sri Lanka’s main international airport and health facilities. These upgrades are essential for strong economic growth and better public services.

How will the restored bilateral relations between Japan and Sri Lanka aid in economic recovery?

What is the role of Japan in Sri Lanka’s billion debt restructuring deal?

Japan was key in negotiating Sri Lanka’s billion debt restructuring deal. As a main creditor in the Official Creditor Committee, Japan’s role was critical. It helped give Sri Lanka a chance to restart funding for development.