Economics

Ceylon Chamber Commends Progress in Sri Lanka’s ISB Debt Restructuring Approval

  • October 7, 2024

The Ceylon Chamber of Commerce has praised the Sri Lankan government’s successful consultations with the International Monetary Fund (IMF) and the Official Creditor Committee (OCC), which cleared the way for an in-principle agreement with private bondholders on restructuring International Sovereign Bonds (ISBs). This development is seen as a crucial step toward achieving external debt restructuring

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Economics

IMF: Sri Lanka’s ISB Restructuring Deal Requires OCC Approval

  • September 24, 2024

The International Monetary Fund (IMF) has welcomed Sri Lanka’s recent agreement with international sovereign bondholders but emphasized that the deal still requires approval from the Official Creditor Committee (OCC) of bilateral lenders. “We welcome the agreement in principle between Sri Lanka and the representatives of international bondholders, pending confirmation on the comparability of treatment by

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