Sri Lanka and Japan have held talks regarding new financial support aimed at reducing carbon emissions, as well as resuming previously halted projects, according to a statement from President Ranil Wickremesinghe’s media office.
The discussions included an agreement between Sri Lanka and its official creditors to restructure bilateral debt, which enables Japan to provide new loans and restart suspended initiatives.
The meeting focused on funding through Japan’s Joint Credit Mechanism (JCM), which supports projects aimed at cutting carbon dioxide emissions through advanced Japanese technologies.
The delegation included Maeda Tadashi, Chairman of the Japan Bank for International Cooperation (JBIC). They also explored potential public-private partnerships for developing low-income housing.