Although strategic measures are already being followed to cut off the loans taken from the EPF under the government debt write-off, it is revealed that no basic plan has been prepared yet to write off the loans taken from foreign institutions.
However, France’s Lazard Company and Clifford Chance are paid in dollars (in foreign exchange) for more than a year as their fees to carry out legal and management work related to the write-off of foreign debt.
Central Bank Governor Nandalal Weerasinghe and Finance Minister Ranil Wickremesinghe are acting as authorities in reducing the government’s domestic and foreign debt. Despite fast-tracking measures being taken concerning EPF debt write-offs, not even any statements are made regarding foreign debt write-offs.
