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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’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 ...
To put its debt on a sustainable footing and pass an IMF review, Sri Lanka unveiled a much-anticipated domestic debt restructuring framework last Thursday that seeks to rework part of the island ...
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 ...
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 ...
(Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.
Pledging to put its mammoth debt burden on a sustainable track, Sri Lanka locked down a $2.9 billion bailout from the International Monetary Fund (IMF) in March, which is due for a first review in ...
Sri Lanka’s total debt exceeds $83 billion, of which $41.5 billion is foreign an ... The domestic debt restructuring is required as part of a bailout package obtained from the International ...