Cash-strapped Sri Lanka set to sign key debt deals with lenders
Colombo (AFP) June 25, 2024
Sri Lanka has finalised long-delayed debt deals with its bilateral lenders including China to meet a key condition of an IMF bailout, the government said Tuesday. A treasury delegation is on its way to France to sign agreements with creditors on Wednesday, government spokesman Bandula Gunawardana said. Sri Lanka defaulted on its foreign debt in April 2022 after running out of foreign exc
Sri Lanka has finalised long-delayed debt deals with its bilateral lenders including China to meet a key condition of an IMF bailout, the government said Tuesday. A treasury delegation is on its way to France to sign agreements with creditors on Wednesday, government spokesman Bandula Gunawardana said. Sri Lanka defaulted on its foreign debt in April 2022 after running out of foreign exc