Sri Lanka to save $5bn from bilateral debt deal
Voice of America
People watch a live telecast as Sri Lanka's President Ranil Wickremesinghe addresses the nation in Colombo, June 26, 2024. The country has clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt.
Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday.
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