In a significant development, the International Monetary Fund (IMF) Executive Board has successfully completed the first review under the 48-month Extended Fund Facility with Sri Lanka. This achievement provides the cash-strapped South Asian nation with access to approximately USD 337 million, aimed at restoring macroeconomic stability and ensuring debt sustainability. Peter Breuer, Senior Mission Chief for Sri Lanka, made the announcement, highlighting that the debt restructuring negotiations with China, which holds 52 percent of Sri Lanka’s total debt, were concluded on a strictly confidential basis.
“The Chinese agreement in principle was very good news in Sri Lanka’s debt restructuring talks. We have seen a summary of the key financial terms of the agreement shared by authorities on a strictly confidential basis,” Breuer disclosed to reporters on Tuesday.
この記事は The Business Guardian の December 14, 2023 版に掲載されています。
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この記事は The Business Guardian の December 14, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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CJI PERMITS VIRTUAL HEARINGS, RULES OUT FULL ONLINE SHIFT
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At 78.67 lakh, Metro records highesther dailyltidership
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Calcutta High Court: Govt office is public property, any political party ransacking it must be appropriately charged
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