Sri Lanka Economy Debt - Search News

Reuters on MSN · 1d

Sri Lanka launches long-awaited bond swap in key step to emerge from default

Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue. Bondholders have until Dec.

The Financial Times · 2d

Sri Lanka launches debt swap deal to end sovereign default

Sri Lanka has launched an offer for investors to swap $12.5bn of dollar bonds into new reduced debts, in a deal that is expected to end the south Asian nation’s first ever external default.

money.rediff · 2d

Sri Lanka Ratifies Debt Restructuring: IMF Bailout Key

Sri Lanka's new government has ratified a debt restructuring agreement, a crucial step in securing the fourth tranche of a USD 3 billion IMF bailout package. The agreement, reached under the previous regime,

Sri Lanka Cuts Lending Rates After Debt Deal

Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.

23hon MSN

Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer

Moody's has placed Sri Lanka's Ca long-term foreign currency rating on review for an upgrade, the credit ratings agency said ...

Sri Lanka's Strategic Debt Restructuring: A New Chapter in Economic Stability

Sri Lanka's new government has ratified a USD 14.2 billion debt restructuring agreement crucial for maintaining debt ...

IMF calls for high creditor participation in Sri Lanka’s debt operations

The International Monetary Fund (IMF) has emphasized the critical need for high creditor participation in Sri Lanka’s ongoing ...

5d

IMF approves third review of Sri Lanka's $2.9 billion bailout

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned ...

FT6d

Sri Lanka’s SMEs: Debt-trapped dilemma

Small and medium-sized enterprises (SMEs) are the backbone of Sri Lanka’s economy, accounting for 75% of all active ...

13don MSN

Marxist-Leaning Party Wins Two-Thirds Majority in Sri Lanka's Parliament

Sri Lanka defaulted on $50 billion in external debt in 2022, pushing the populace towards an alternative candidate.

Sri Lanka's Economic Resurgence Amid IMF Developments

Sri Lanka anticipates an IMF staff-level agreement for its bailout program, with a subsequent $337 million tranche pending ...

Local Consortium of Sri Lanka commits support for govt’s ISB restructuring

The Local Consortium of Sri Lanka (LCSL), comprised of domestic commercial banks and financial institutions, has committed ...

In Sri Lanka ISB exchange, high creditor participation vital: IMF’s Georgieva

High creditor participation in an exchange of defaulted sovereign bonds for new securities is vital for the success of the ...

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