The Governor of the Central Bank Dr. Nandalal Weerasinghe and Secretary to the Treasury, K. M. M. Siriwardana participated in the Global Sovereign Debt Roundtable (GSDR), in Washington DC on April 23 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 GSDR’s 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 Lanka’s experience in debt restructuring, the Governor also outlined the important role of sovereign rating agencies to ensure the countries in debt distress exit smoothly.
