US willing to help SL - Ambassador Teplitz
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US willing to help SL - Ambassador Teplitz

US willing to help SL - Ambassador Teplitz

The US Ambassador to Colombo, Alaina Teplitz said that the US is willing to help Sri Lanka to develop and come out of the economic down turn. The US Ambassador in Colombo has made this statement at a time when Sri Lanka is moving closer to China.

 

On the other hand the government is running out of reserves and help from anywhere may be welcome. The US is Sri Lanka’s top buyer of exports. America also helped Sri Lanka develop its stock in a US Aid program. America also helped Sri Lanka develop a petroleum exploration law and market oil blocks in Texas. Ambassador Teplitz said Sri Lanka had taken new debt to repay old debt over several years.

 

“And this is where the debt management is going to be really important because Sri Lanka’s debt obligations have not decreased over time but increased over time,” she said

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