Sri Lanka central bank unveils debt restructuring plan

By Agence France-Presse

Jun 30, 2023 12:16 am

COLOMBO: Sri Lanka's central bank on Thursday unveiled a far-reaching domestic debt restructuring plan aimed at restoring stability after an economic and political crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.

The move comes as Colombo tries to meet conditions as part of a $2.9-billion International Monetary Fund (IMF) bailout agreed in March and which is crucial to the country's recovery.

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