Sri Lanka President Ranil Wickremesinghe leaves for UK and France on official visit

Sri Lanka President Ranil Wickremesinghe

Sri Lankan President Ranil Wickremesinghe. (Photo by ISHARA S. KODIKARA / AFP via Getty Images)

Sri Lanka President Ranil Wickremesinghe early this morning (June 17) left the island for the United Kingdom (UK) and France on an official visit.

Accompanied by a delegation of top-level officials, the Head of State boarded a SriLankan Airlines flight from the Bandaranaike International Airport (BIA) in Katunayake at around 3:30 AM, according to sources.

During this trip, the Sri Lanka President will join an international Summit for a New Global Financing Pact that is scheduled to be held at the Palais Brongniart in Paris on the 22nd and 23rd of June.

French President Emmanuel Macron has invited Sri Lankan President Ranil Wickremesinghe to address a high-profile discussion council at this summit as well.

During his stay in France, Wickremesinghe will meet with Paris Club creditors to discuss matters pertaining to Sri Lanka’s debt crisis.

The Summit for a New Global Financing Pact is expected to shape a new financing ‘toolbox’ that will be rolled out through six high-level round-tables and 40 parallel events.

It will provide the opportunity to examine interactions between multilateral development bank reform, mobilisation of private capital, climate finance, green infrastructure and solutions related to debt.

The Summit for New Global Financing Pact will establish the principles for future reforms and pave the way towards a more balanced financial partnership between the North and South. It will set the stage for new agreements to relieve debt distress.

It is also expected to enable more countries to access the financing they need to invest in sustainable development, to better protect nature and cut emissions, as well as help protect populations from climate change wherever most needed.

New Global Financing Pact will help define the principles and steps needed to reform the financial system and to combat the high levels of debt that tie governments’ hands when it comes to implementing ambitious climate action to reduce the climate, economic and technological gaps that threaten to divide up the world.

This inclusive, multi-stakeholder event will bring together Heads of State and Government, leaders of international organizations, and representatives of civil society, foundations, funds and the private sector.