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COLOMBO/TOKYO (Reuters) -Sri Lanka and a group of its creditor nations said on Wednesday they have reached an agreement in principle on debt restructuring, a key step needed for the South Asian ...
Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second ...
Sri Lanka’s Parliament voted to support a proposal to restructure a staggering domestic debt in a special session Saturday as the Indian ocean island nation struggles to emerge from an ...
The restructuring of domestic debt in cash-strapped Sri Lanka is a crucial step towards addressing the country’s financial challenges and achieving fiscal stability. By negotiating new terms and conditions with domestic lenders, the government aims to alleviate immediate cash flow pressures and establish a sustainable framework for debt ...
COLOMBO (Reuters) -Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor ...
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
2 March 2022 – The IMF releases a statement following a review of the 2021 Article IV reports saying publicly for the first time that the lender had found Sri Lanka's debt to be unsustainable. [17] 25 March 2022 – The complete IMF staff report which had been blocked by Sri Lanka authorities is released after permission is given. [18]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]