(Bloomberg) -- Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible...
-- 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 official statement, referring to a suggested plan released by the bondholder group last week.
Disagreement between the authorities and investors over the terms of restructuring poses a risk to further funding from the IMF, essential to keeping a recovery in the island nation’s economy on track. Junior Finance Minister Shehan Semasinghe said Wednesday that authorities are assessing debt restructuring terms from foreign holders of its dollar bonds.
Trump fraud-trial fireworks: 'You lied yesterday!' defense lawyer shouts while grilling an AG witness Bing Guan/ReutersDonald Trump shared a Substack article from far-right political activist and internet personality Laura Loomer on Truth Social Monday night that lobbed unverified accusations at New York Attorney General Letitia James, asserting that there was a connection between James and “Christian J. French, The Trump hating COO and heir to the Anti-Trump ‘Regional News Network.
The House rightly rejected Jim Jordan in two rounds of balloting. But that was no thanks to California Republicans who put tribal loyalty above the country's best interest.Ukrainian forces have crossed the Dnipro river and established a position on the opposite bank as they push into Russian-occupied territory in southern Ukraine, according to Russian sources.Fox News host Brian Kilmeade was caught on a hot microphone calling Rep.
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