Sri Lanka greenlights controversial US$14.7b debt restructuring deal with IMF backing despite president’s push for better terms

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COLOMBO, Oct 5 — Sri Lanka’s new government has approved a controversial restructure of US$14.7 billion (RM62 billion) i...

The bond restructuring endorsed by the new government must still go to parliament for ratification.

Dissanayake dissolved the assembly days after he was sworn in and called a snap election for November 14, a year ahead of schedule.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSri Lanka

Topics: Anura Kumara Dissanayake International Monetary Fund Debt restructuring Sri lanka economic crisis IMF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 14:01:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22895883

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

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News Last Updated: 12 hours ago

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