Posted 3/5/2024, 2:54:59 PM
Sri Lanka Aims to Finalize Debt Restructuring Deals by June to Resolve Financial Crisis
- Sri Lanka could finalize debt restructuring agreements with creditors by June
- The deals aim to settle Sri Lanka's debt crisis after its worst financial crisis since 1948
- Sri Lanka secured a $2.9 billion IMF bailout in March, subject to ensuring debt sustainability
- It has reached preliminary debt restructuring deals with India, Japan, France and China
- The agreements need to be finalized in the next few months to secure ongoing IMF assistance
