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Tag: debt restructure sri lanka

Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure

Posted on October 11, 2023 By admin
Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure

Wang Wenbin. File | Photo Credit: ANI Sri Lanka on October 11 welcomed China’s tentative agreement to a debt restructure, as the island nation works to restore its ruined finances after suffering its worst-ever economic crisis. The government defaulted on its $46 billion debt last year at a time when months of food and fuel…

Read More “Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure” »

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