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Published 3 months ago

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds

  • Sri Lanka has reached an agreement with a creditor group, including India and Japan, for debt restructuring, paving the way for a $2.9 billion bailout installment from the IMF.
  • The Official Creditor Committee was involved in the agreement, which covers around $5.
  • The agreement in principle is a crucial step towards unlocking the financial assistance and addressing Sri Lanka's economic challenges.
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