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Sri Lanka backs India, Japan bid for permanent seat on UN Security Council: President Wickremesinghe – Times of India

Colombo: President Ranil of Sri Lanka Wickremesinghe On Tuesday his government backed India’s bid, Japan Permanent members of the United Nations Security Council Council.
President Wickremesinghe is currently in Japan to attend the state funeral of the former Japanese prime minister. Shinzo Abe.
At a meeting with Japan’s Foreign Minister Yoshimasa Hayashi on Tuesday, Wickremesinghe said, “I am grateful for the support Japan has provided. Sri Lanka) expressed the government’s willingness to support Japan and India’s campaign to become permanent members of the United Nations Security Council on the international stage,” the president’s office said in a press release.
India has been at the forefront of a long-standing effort to reform the Security Council and deserves a permanent seat on a UN body that in its current form does not represent the geopolitical realities of the 21st century. said it is natural.
The UNSC currently consists of five permanent members and ten non-permanent members elected by the General Assembly for two-year terms.
The five permanent members are Russia, the United Kingdom, China, France and the United States, which can veto substantive resolutions. There is a growing need to increase the number of permanent members to reflect the global realities of our time.
India is currently in the second year of its two-year term as an elected non-permanent member of the UN Security Council.
India’s term on the Council will end in December, and the country will also chair a powerful UN body in December.
Foreign Minister on Saturday S Jaishankaraddressing the General Debate of the 77th Session of the United Nations General Assembly, stressed India’s readiness to take on greater responsibilities.
Calls for reformed multilateralism, with Security Council reform at its core, have gained considerable support among UN member states, he said.
“This is due to the widespread perception that the current architecture is outdated and ineffective. ,” said Jaishankar.
Meanwhile, Wickremesinghe’s office said Japan has expressed its willingness to play a leading role in Sri Lanka’s debt restructuring.
The IMF has expressed readiness to conclude a staff-level agreement with Sri Lanka, subject to debt restructuring.
In mid-April, Sri Lanka declared default on its international debt due to the foreign exchange crisis. The country has her $51 billion external debt, of which her $28 billion she has to pay by 2027.
Since the IMF will not lend to countries whose debts are deemed unsustainable, Sri Lanka needs a comprehensive debt settlement upfront.
India and Japan are Sri Lanka’s main creditors, along with China and the Asian Development Bank (ADB).
Sri Lanka is relying on Japan to organize a debt restructuring conference.
Wickremesinghe has also indicated he is keen to revive a suspended Japanese project in Sri Lanka, officials said.

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