Sri Lanka strikes private debt restructuring deal with bondholders
Sri Lanka State Minister of Finance Asanka Shehan Semasinghe. | Photo Credit: EMMANUAL YOGINI Sri Lanka has reached a debt restructuring deal with the international sovereign bondholders after protracted negotiations, state Finance Minister Shehan Semasingher said on July 4, calling it a “crucial step” in the cash-strapped country’s efforts to restore debt sustainability. In a…
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