Sri Lanka reached a debt restructuring agreement with bondholders, the crisis-hit country will get this help
Sri Lanka: Sri Lanka's Finance Minister Semasinghe has said that ISB (International Sovereign Bond) is responsible for US$ 12.5 billion out of the total external debt of US$ 37 billion. This agreement is an important step in our efforts to restore debt sustainability." He said the agreement with private bondholders was subject to the approval of the official creditor committee of other nations, including India.
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