Debt Restructuring News - Latest Updates & Headlines
Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery
Colombo, March 1: The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support its recovery from the 2022 bankruptcy.
Sri Lanka lauds India's 'key role' in supporting debt restructuring programme
Colombo, Feb 24: Calling India "a trusted partner", Sri Lankan Foreign Minister Vijitha Herath has once again appreciated the role played by New Delhi over the last many years, including standing by the island nation in time of need and assisting it through the recent economic crisis.