INSUBCONTINENT EXCLUSIVE:
Governor of the Central Bank of Sri Lanka (CBSL) told the Financial Times, despite complaints by private creditors that they are being left
interest from private creditors to finish this as soon as possible
But because of the procedure it takes a certain time
order to secure the next $330mn tranche of the IMF programme, which is up for review in March
The island also faces the risk that it will be meeting some creditors in the courts rather than around a negotiating table.Hamilton Reserve
Bank, a St Kitts and Nevis-based creditor that is not part of the bondholder committee, has been seeking immediate repayment on about $250mn
of Sri Lanka debt through the US courts, the Financial Times said
In November, a judge stayed the case until February 29 in order to allow negotiations with other bondholders to proceed.In response to a
question on how the lawsuit might affect the debt negotiations, Dr
saying.Under its IMF programme, Sri Lanka is undergoing a series of economic reforms including raising taxes and privatising state companies
president and parliament due later this year, with some opposition parties vowing to renegotiate the deal.Dr
