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Interview

Sri Lanka calls for Japanese investments in infrastructure and IT

Foreign minister says the country has to learn from Chinese 'debt trap'

Sri Lankan Foreign Minister Ali Sabry speaks to Nikkei Asia in Tokyo on June 3. (Photo by Takuya Fujisawa)

TOKYO -- Sri Lanka is calling for new investments from Japan after reaching an agreement to restructure $5.8 billion of debt with creditors, including Japan, India and China, hoping to revive its economy and achieve balanced diplomacy.

"We expect the [Japan-funded] project to commence anytime" after finalizing a debt restructuring deal process, said Ali Sabry, Sri Lanka's minister of foreign affairs, in an interview with Nikkei Asia on Wednesday.

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