April 17, 2024 BY Elizabeth Anderson

Sri Lanka Fails to Reach Debt Restructuring Agreement with Bondholders

This move risks the continued support of the International Monetary Fund (IMF) and hampers the resolution of the country's ongoing debt issues. In the wake of this news, Sri Lanka's bonds dropped by 2.5 cents. According to Reuters, Udeeshan Jonas, a chief strategist at CAL Group, said: "Completing the IMF review by June becomes difficult…

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