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Sri Lanka compels to clear another hurdle of domestic debt restructuring
Sri Lanka is to clear another hurdle of massive domestic debt restructuring as external creditors want more details of government debts before formal negotiations, informed sources said.
India saved Sri Lanka from total collapse says Foreign Minister Ali Sabry
Foreign Affairs Minister Ali Sabry last week hailed strong Indo-Lanka ties in context following India’s extension of support and relief for Sri Lanka’s external debt restructuring as the first bilateral creditor to do so and the official visit of External Affairs Minister Dr. S. Jaishankar.
Tourist arrivals exceed 80,000 in first 25 days signaling signs of recovery
Tourist arrivals exceed 80,000 in first 25 days signaling signs of recovery
China’s assurance for SL debt restructuring hangs on the IMF balance
China’s offer to Sri Lanka of a two-year moratorium on its debt is not acceptable as its in adequate and without haircut to enable Sri Lanka to receive the clear the path for the International Monetary Fund (IMF) board approval for US $2.9 billion Extended Fund Facility , informed sources said.