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(Bloomberg) -- Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastWhere Does Israel Get Its 22

Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response fr

Bloomberg – Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an...

Pakistan, Sri Lanka and the Maldives failed to boost their financial buffers in good times and are now suffering from an oil price shock

The group had originally targeted a 40 per cent revenue growth for the next financial year, it has now been cut down to 15 - 20 per cent, as per the report. It also said that capital expenditure plans have been scaled down as the group prioritises bolstering its financial health over aggressive expansion. -- aaa