Some Sri Lanka creditors seeking debt restructuring deal without China
Posted by Editor on September 29, 2023 - 10:46 am
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter.
The members want the group of major creditors, including the U.S., Japan and India, to sign a memorandum of understanding with Sri Lanka around the time of the International Monetary Fund and World Bank meetings scheduled for next month in Morocco, the report added.
(Reuters)
Latest Headlines in Sri Lanka
- Court imposes foreign travel ban on Diana Gamage May 9, 2024
- President sets deadline for Bingiriya industrial zone development May 9, 2024
- Sri Lanka’s Election Commission informed of vacant MP seat in Parliament May 9, 2024
- No legal barrier for non Sri Lankans to register political parties – Mahinda Deshapriya May 9, 2024
- 2100 new Grama Niladhari officials appointed May 8, 2024
