A general view of the business district in Colombo, Sri Lanka, Sept 9, 2020. REUTERS/Dinuka Liyanawatte
COLOMBO Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday.
Sri Lanka, mired in its worst financial crisis in decades, has been trying to reach restructuring deals with creditors since last year, having being forced to default on its foreign debt in May 2022 after its foreign exchange dwindled to record lows.
READ: Sri Lankas economic crisis: From protests to IMF bailout
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Sri Lanka has been informed of an agreement…
Read the full article at: https://business.inquirer.net/434199/sri-lanka-reaches-debt-restructuring-deal-with-creditor-nations-source