Economics

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 common debt framework for middle-income nations, using Sri Lanka as an example of a nation in need of such support. Currently, the framework is limited to low-income countries. According to Iyabo Masha,

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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 and has also finalized an agreement with the China Development Bank, according to State Minister of Finance, Shehan Semasinghe. Semasinghe announced on Thursday, September 19, that the ISB deal was secured after

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