Sri Lanka aims to finalize foreign debt restructuring by June, reducing debt burden by 17bn USD.
Sri Lanka's Minister of Foreign Affairs, Ali Sabry, announced the government aims to finalize the foreign debt restructuring process by June. This could lead to a reduction of approximately 17 billion USD from Sri Lanka's debt burden. The nation has already completed domestic debt restructuring, and negotiations with private investors linked to sovereign bonds are set to be finished by June 2024.
May 08, 2024
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