Sri Lanka secures deal to restructure $12.6bn of bonds

Sri Lanka secures deal to restructure $12.6bn of bonds – Central Banking

IMF still to review if deal conforms with Sri Lanka’s debt sustainability targets

Map of Sri Lanka

Sri Lanka has reached a deal to restructure some $12.6 billion of its debt held with international sovereign bondholders, its finance ministry said on July 4.

This agreement comes a week after the country reached two separate deals to restructure debt with a group of bilateral lenders and the Export Import Bank of China in Paris worth $10 billion in total. 

Finance minister Shehan Semasinghe said the July 4 deal represented a “milestone” in Sri Lanka’s “journey towards economic revival and

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