Sri Lanka's Debt Crisis Nears End as 99% of Restructuring Is Finalized

Report Summary

COLOMBO (News 1st); Sri Lanka's sovereign debt restructuring process is now nearing full completion, with around 99% of debt covered under the restructuring perimeter either finalized or subject to agreements in principle, according to the latest report issued by the Global Sovereign Debt Roundtable (GSDR). The seventh GSDR Co-Chairs Progress Report, released on October 14, said Sri Lanka's debt…