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Government to consider restructuring domestic debt

The Government is to consider restructuring Sri Lanka's domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka's domestic debt. "Some banks are saying they will not
Sri Lanka France General Sri Lankan Ranil Wickremesinghe Submission To Parliament World Bank

IMF's reform proposals: Where is the beef?

The International Monetary Fund (IMF) approved a $4.7 billion loan for Bangladesh on 30 January. The approval enables immediate disbursement of about US$476 million. The rest will be disbursed in seven instalments over 42 months. However, the reform program to come with the cash apparently lacks the punch to be a platform for long-term economic growth.
International Monetary Fund Fund Facility World Bank Program Document Extended Credit Facility Extended Fund Facility

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