SRI Lanka has reached a debt restructuring agreement with international sovereign bondholders after prolonged negotiations, according to state finance minister Shehan Semasinghe, reports Dubai Shipping Herald.
He described the deal as a 'crucial step' in the country's efforts to achieve debt sustainability.
State Minister of Finance Mr Semasinghe stated that an agreement on restructuring terms was reached, finalizing sri Lanka's debt restructuring process.
He added that the agreement with private bondholders is subject to approval by the official creditor committee of nations, including India.
SeaNews Turkey
He described the deal as a 'crucial step' in the country's efforts to achieve debt sustainability.
State Minister of Finance Mr Semasinghe stated that an agreement on restructuring terms was reached, finalizing sri Lanka's debt restructuring process.
He added that the agreement with private bondholders is subject to approval by the official creditor committee of nations, including India.
SeaNews Turkey
