Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
- Sri Lanka has reached an agreement with a creditor group, including India and Japan, for debt restructuring, paving the way for a $2.9 billion bailout installment from the IMF.
- The Official Creditor Committee was involved in the agreement, which covers around $5.
- The agreement in principle is a crucial step towards unlocking the financial assistance and addressing Sri Lanka's economic challenges.
26 Articles
26 Articles
IMF says Sri Lanka debt deal could help board clear first bailout review
COLOMBO : Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The deal comes about a month after Sri Lanka's deal with the Ex
Sri Lanka says it has struck deal with creditors on debt restructuring to clear way for IMF funds
Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. The agreement with the Official Creditor Committee…
Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
COLOMBO, Sri Lanka (AP) — Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. The agreement with the Official Creditor Committee […]
Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
On Wednesday, Sri Lanka announced that it has, in principle, finalized an agreement with a consortium of creditors, including India and Japan, for the restructuring of its debt. This development is a pivotal step forward in accessing the second tranche of a $2.9 billion bailout package from the International Monetary Fund. The agreement, facilitated by the Official Credit Committee, encompasses around $5.9 billion of the country's outstanding pu…
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