INSUBCONTINENT EXCLUSIVE:
majority in Parliament and hence the rightful authority to engage with the lender
The funds are crucial to the success of a debt restructuring process initiated by the island nation this week after suspending some
negotiations with bond holders, Citigroup Global Markets analysts Donato Guarino and Johanna Chua wrote in a note to clients
They see Sri Lanka asking investors to take a haircut of 50% on interest payments, and 20% on the principal, with an exit yield of 11%.Sri
Lanka is looking at bridge financing options, and is confident it can secure aid from countries including China and India, Sabry said
That effort would be accompanied by fiscal reforms to curtail expenditure and boost revenues, he said.Citizens exasperated by double-digit
inflation amid a shortage of everything from fuel to food and power cuts of as long as 13 hours have taken to the streets, seeking President
This article first appeared/also appeared in https://adaderana.lk
