sri_lankas_$6billion_debt_restructuring
Sri Lanka announces $6 billion debt restructuring deal to secure IMF bailout
The finance ministry said the deal included a mix of extending the tenure and reducing interest on some $5.9 billion in bilateral loans granted to the cash-strapped South Asian nation
C
Staff Reporter
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Dec 3, 2023, 08:40 AM
In March, Sri Lanka secured a four-year $2.9 billion bailout package from the International Monetary Fund (IMF), contingent on Colombo ensuring debt sustainability aligned with agreed targets
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