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Importance of debt restructuring: Patali’s Lebanon example

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Parliamentarian Patali Champika Ranawaka has drawn an example of Lebanon as a warning to the government over delays in debt restructuring.

In a Twitter message, the former Minister pointed out an incident that had taken place at a bank in Beirut where a depositor had threatened employees at gunpoint to release his frozen funds.

“High drama in a bank in #Beirut – the capital of #bankrupt #Lebanon! A depositor, demanding the legitimate release of part of his own funds frozen by the bank, to pay for a family medical emergency, walking in with a rifle and threatening to kill everyone and torch the bank,” the MP Tweeted.

MP Patali Champika Ranawaka said that this incident was a loud and clear message to the government of Sri Lanka.

“A loud and clear message to the Sri Lankan Government, which is yet to show the sense of urgency deservedly demanded by the crucially decisive act of Debt Restructuring,” he added. (NewsWire)

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