Report in The Island, Oct 16, 2023Sri Lanka wants China to share with other creditors the terms of its recent $4.2 billion bilateral debt deal, a step needed to help the country speed up the process of restoring its finances over a year after it defaulted. Sharing the information would ensure transparency and assure other bilateral creditors that they’re getting a comparable deal, news agencies have quoted Central Bank Governor Dr. Nandalal Weerasinghe, as sayng…
Posts tagged as “defaulted”
report in ECONOMYNEXT online, Apr 24, 2023China, one of Sri Lanka’s largest bilateral lenders, attempted to prove its close cooperation with the island nation after its state-owned China Merchants Group (CMG) signed the first large investment deal since the Indian Ocean nation declared bankruptcy. The Hong Kong-listed company signed a $392 million agreement with government-owned Sri Lanka Ports Authority on Saturday to jointly build the South Asia Commercial and Logistics Hub. “We are always “providing…