Sri Lanka kicks off much-delayed $12.5bn bond deal
International Sovereign Bonds account for just over $12.5-billion of the island's foreign debt, which stood at $46-billion during Sri Lanka's default in 2022. Sri Lanka secured a $2.9-billion bailout from the IMF in 2023 after doubling taxes, withdrawing energy subsidies and raising prices of essentials to shore up state revenue.
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. The Sri Lankan government said on Tuesday that investors have until December 12 to vote on a proposal that would end a two-year saga for the island country and its bondholders,
The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned ...
COLOMBO (Reuters) -Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below ...
Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: ...
High creditor participation in an exchange of defaulted sovereign bonds for new securities is vital for the success of the ...
IMF head Kristalina Georgieva lauds Sri Lanka's progress in economic reforms. Most visited website in Sri Lanka.
The working class needs to prepare both politically and organizationally to confront the Dissanayake government’s attacks on ...
Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on ...
Sri Lanka's new Parliament will hold two vital debates next week under the NPP government, focusing on the government's ...
High creditor participation in an exchange of defaulted sovereign bonds for new securities is vital for the success of the ...
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