Tag: sri lanka debt restructure

Sri Lanka finalises debt restructuring agreement after financial crisis

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Sri Lanka finalises debt restructuring agreement after financial crisis

A man walks past posters which said ‘good news’ in Colombo on June 25, 2024, as President Ranil Wickremesinghe is expected to announce a debt restructuring deal with bilateral lenders after a sovereign default in April 2022. | Photo Credit: AFP Sri Lanka’s government said on June 26 it has finalised a long-delayed debt restructuring…

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

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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…

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