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Government told to act soon on re-profiling domestic debt to avoid haircuts

Sri Lanka could achieve the economic policy goals it aspires without needing to impose ‘haircuts’ on capital or domestic creditors, if the government can act soon and carry out the restructuring effort early. The latest policy note by the Sri Lanka Economic Policy Group of Verite Research pointed out that it would be adequate to simply re-profile Sri Lanka’s domestic debt, which is to move repayments further into the future.

Government told to act soon on re-profiling domestic debt to avoid haircuts

Daily Mirror
2022-10-25