Thursday, 19 September 2024 10:32

Crucial discussion between the Government and ISB holders begins today Featured

A crucial discussion between the Government and International Sovereign Bondholders will take place today after which Sri Lanka is expected to receive international support once the country’s bankruptcy is fully resolved. Finance ministry sources confirmed.

The government has successfully addressed the country’s economic crisis and  the current focus is on developing the nation under the same banner.

It has reached an agreement with 18 nations and have a separate understanding with China.

Together, it has been created a new framework to recognise our debt sustainability, demonstrate that the country is no longer bankrupt, and move towards development.

The final step is negotiating with the International Sovereign Bondholders, and today’s discussion will conclude that. Once this is done, Sri Lanka’s bankruptcy will be formally over, and the country will receive much-needed support from other countries, financ ministry sources said. .

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