Sri Lanka unveils debt restructure to tackle economic crisis

Muqe

New member
Sri Lanka unveils debt restructure to tackle economic crisis
Sri Lanka's central bank has announced a debt restructuring plan in an attempt to restore stability and address the economic crisis experienced last year. As part of the restructuring, the bank is offering a 30% reduction on dollar-denominated bonds. Bilateral lenders will be asked to extend the maturity of their loans up to 15 years with a fixed interest rate of 1.5%.