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Sri Lanka likely to secure moratorium on debt owed to India
short by The Geostrata / on Friday, 29 March, 2024
Sri Lanka is close to securing a six-year moratorium on debt owed to India, aiming for reduced interest rates during repayment. This debt treatment plan aligns with Sri Lanka's economic recovery efforts post-default in 2022, emphasizing equal treatment for all creditors and progress towards an IMF bailout.
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