Wednesday November 5, 2025
8:30 - 9:45 - CEPII, 20 avenue de Ségur, 75007 Paris
Sovereign Default and IMF Stabilization: Lessons from Sri Lanka
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In April 2022, Sri Lanka became the first Asian country of the 21st century to default on its external debt. A decline in output, soaring inflation, and a sharp increase in poverty ensued. Emergency support from India, an IMF program, and domestic policy measures have helped restore a degree of macroeconomic stability. In such context, coordinating the debt restructuring process among lenders is essential to ensure compliance with IMF program targets, comparable treatment, and long-term debt sustainability. This complex process involves the Official Creditor Committee (OCC), which is co-chaired by France, Japan, and India, as well as the Chinese Eximbank and a wide array of private creditors.
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By invitation only
contact : conferences cepii.fr
Speakers
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Ganeshan Wignaraja
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Visiting Senior Fellow, ODI Global in London
Professorial Fellow, Economics and Trade at Gateway House in Mumbai
Pour retrouver la présentation, cliquez ci-dessous.
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Benjamin Dartevelle
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Secretary General, Paris Club
Pour retrouver la présentation, cliquez ci-dessous.
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Christophe Destais
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Deputy Director, CEPII - moderator |
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