• 11/26/2024

Sri Lanka takes a 5-day holiday to manage economic shocks as domestic debt-restructuring looms

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The cash-strapped South Asian nation is closing its banks from Thursday to begin a restructuring process linked to the US$2.9 billion loan it received from the IMF earlier this year.

https://www.scmp.com/week-asia/economics/article/3225461/sri-lanka-takes-5-day-holiday-manage-economic-shocks-domestic-debt-restructuring-looms?utm_source=rss_feed