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Sri Lanka's Prime Minister Ranil Wickremesinghe held a discussion with the Managing Director of the IMF, Kristalina Georgieva late on Tuesday regarding the current economic situation in the country, his office said.
Ideally, one should approach the bank and ask for a debt restructure with a 3-6-month moratorium or make a one-time payment based on his/her financial flow.
Actually they will get their money back? >> this is the definition of politics. i think they will not be written off in the sense -- they will not be written down with a hair cut on the principle of the debt but in my opinion you will see this debt restructure so greece will have a very, very long grace period in which they won't pay any interest rate or any amortization on the debt and the maturities will be extended probably more than a generation maybe two generations in to the future. the debt will still be there, it will just be very, very long term and very cheap debt. >> thank you very ...
Civil discourse we've had up until in a way that would sever things. >> greta: friday seems to be a drop dead date where you have to do the refinancing on the bonds or not. if they don't show up no refinancing on these bonds, what happens monday morning? >> we had a small step to begin with. 30 million dollars worth of savings for the changes starting april 1st, for pension and health care and the other changes we make. majority is through the debt restructure to take care of one time payment to minnesota that was previously the -- under the previous governor if we don't make that, we still ow...
Civil discourse we've had up until in a way that would sever things. >> greta: friday seems to be a drop dead date where you have to do the refinancing on the bonds or not. if they don't show up no refinancing on these bonds, what happens monday morning? >> we had a small step to begin with. 30 million dollars worth of savings for the changes starting april 1st, for pension and health care and the other changes we make. majority is through the debt restructure to take care of one time payment to minnesota that was previously the -- under the previous governor if we don't make that, we still ow...