Bloomberg – Paris Club creditors reached out to China and India to coordinate Sri Lanka’s debt-restructuring talks, according to a person familiar with the matter, in an attempt to bring major global creditors together to rework the obligations of emerging economies.The club, an informal group of mostly rich, western bilateral creditors, is awaiting a response from both countries after it sent an official request in late August to work together, said an official who declined to be identified because talks are continuing.Coordinating on Sri Lanka may result in the formation of an official creditors committee or simply holding regular meetings to share information on debt treatment, the official said.Sri Lanka’s presidency said it’s unaware of the efforts by the club.
An Asian diplomat in Colombo, Sri Lanka’s capital, confirmed that the Paris Club had been in contact with the country’s non-Paris Club creditors.