Sri Lanka’s external debt restructure becomes a gigantic task
Normally according to international stipulation, this maximum hair cut would be around 50 per cent and foreign creditors will have to give their consent to write off 50 per cent of total external debt of $22 billion.
Sri Lanka’s external debt restructure has become a gigantic task and a complex issue as the Government has to get creditors consent for a repayment plan amidst severe economic crisis and preemptive debt default, several economic experts warned.
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