by Kelum Bandara in Daily Mirror, Aug 19, 2023In rescheduling Sri Lanka’s external debts, China, as the single largest bilateral creditor, is likely to have its own ‘debt management’ criterion for Sri Lanka instead of having a common mechanism with other creditors, a top source said. Sri Lanka is currently in the process of restructuring its debts in keeping with programme with the International Monetary Fund (IMF). India, France and Japan have formed a common…
Posts tagged as “crediotrs”
By Charumini de Silva in Daily FT, Apr 26, 2023The Government announced yesterday that the much-awaited debt restructuring framework to negotiate with creditors would be ready in May. “Debt restructuring process is the biggest challenge Sri Lanka is facing now. However, President Ranil Wickremesinghe is confident that a framework for debt restructuring negotiations will be ready within May,” Cabinet Co-Spokesman and Minister Bandula Gunawardana said at the post-Cabinet meeting media briefing yesterday. He confirmed that…