JPMorgan and T. Rowe Price invest in Sri Lanka's local-currency government bonds, anticipating debt restructuring with IMF approval, China, India, and Paris Club deals.
Global money managers like JPMorgan Asset Management and T. Rowe Price Group are investing in Sri Lanka's local-currency government bonds, optimistic about a restructuring deal for the country's debt amid positive developments such as initial IMF approval and agreements with China, India, and the Paris Club. Both firms consider local debt a buy despite expecting the road to recovery to be longer.
April 01, 2024
5 Articles