G-24 Pushes for Common Debt Framework for Middle-Income Nations, Citing Sri Lanka’s Progress
At the G-24 press briefing during the IMF-World Bank Annual Meetings on October 22, the G-24 countries advocated for the establishment of a.
Economics
Economics
Ceylon Chamber Commends Progress in Sri Lanka’s ISB Debt Restructuring Approval
The Ceylon Chamber of Commerce has praised the Sri Lankan government’s successful consultations with the International Monetary Fund (IMF) and the Official Creditor.
- October 7, 2024
Economics
Sri Lanka Strikes US $14.2 Billion ISB Restructuring, Paving Way Out of Bankruptcy
Sri Lanka has made significant progress in its efforts to exit bankruptcy, reaching an agreement in principle with the ad hoc group of.
- September 20, 2024
Finance
Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank
Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders.
- September 20, 2024
Economics
China Exim Bank Becomes First to Restructure Sri Lanka’s Debt
Sri Lanka has successfully restructured defaulted loans and past due interest owed to the Export Import Bank of China, transforming them into $4.187.
- September 10, 2024