Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka (CBSL), and Mr. K M M Siriwardana, Secretary to the Treasury, participated in the ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ฆ๐ผ๐๐ฒ๐ฟ๐ฒ๐ถ๐ด๐ป ๐๐ฒ๐ฏ๐ ๐ฅ๐ผ๐๐ป๐ฑ๐๐ฎ๐ฏ๐น๐ฒ (๐๐ฆ๐๐ฅ), which was held in Washington DC on 23 April 2025 on the sidelines of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
The GSDR was formed in February 2023 to bring together the debtor countries and creditors, to enhance common understanding amongst stakeholders on debt related challenges and solutions. The GSDR is co-chaired by the IMF, World Bank, and the G20 Presidency. Apart from bringing together diverse debt-related stakeholders, the GSDRโs achievements include the recently introduced Sovereign Debt Restructuring Playbook for Country Authorities.
Since its formation, Governor Weerasinghe has actively participated in the GSDR discussions. During this round, while sharing Sri Lankaโs experience in debt restructuring, the Governor also emphasized the important role of sovereign rating agencies to ensure the countries in debt distress exit smoothly from default status upon successful completion of debt restructuring.
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