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ஜெனரல்
Sri Lanka’s Cabinet approved the restructuring of $14.2 billion in international sovereign bonds by swapping existing bonds for new ones, aligned with the IMF's debt sustainability analysis, following agreements with bilateral lenders, international bondholders, and local investors.
Sri Lanka’s Cabinet of Ministers has approved a proposal presented by President Anura Kumara Dissanayake to restructure international sovereign bonds by swapping existing bonds for new ones, based on parameters from the IMF's debt sustainability analysis under the Extended Fund Facility (EFF) programme. This follows a final debt restructuring agreement in June with the Official Creditor Committee (OCC) of major bilateral lenders and a September agreement in principle with international bondholders, including the Ad Hoc Bond Holders group and the Local Consortium of Sri Lanka, covering approximately $14.2 billion. The restructuring plan, developed by the government’s financial and legal advisors, considers the composition of Sri Lanka’s international sovereign debt, investor settlements, and its economic impact.
