(Bloomberg) Sri Lanka is on the final lap of unveiling its debt restructuring strategy, highlighting a key step in the nation’s efforts to pull its economy from the worst crisis in seven decades. Most Read from BloombergUBS Preparing to Cut Over Half of Credit Suisse WorkforceStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’Wagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedPickleball Injuries May Cost Americans Nearly $400 Million This Year, According to UBSRussia
Nation must make debt sustainable after clinching IMF bailout Rupee-denominated debts stood at around $38 billion in 2022 Bloomberg – Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial.
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