Sri Lanka and Japan have discussed new funding strategies to reduce carbon emissions and revive halted projects during a meeting with President Ranil Wickremesinghe, according to his media office.
With Sri Lanka reaching an agreement with official creditors to restructure bilateral debt, Japan is now able to provide new loans and resume previously suspended projects.
The delegation discussed funding from Japan’s Joint Credit Mechanism (JCM), which aims to reduce carbon dioxide emissions through advanced Japanese technologies. The delegation included Maeda Tadashi, Chairman of the Board of the Japan Bank for International Cooperation (JBIC).
Additionally, public-private partnerships to develop low-income housing were also on the agenda.