Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
COLOMBO, Sri Lanka — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The agreement marks a key step in the country’s economic recovery after defaulting on debt repayment in 2022. Sri Lanka is under an International Monetary … Read more