Explore stories from Atlantic Canada.
COLOMBO - Sri Lanka has failed to strike an agreement on restructuring about $12 billion of debt with its bondholders, the government said on Tuesday, complicating the nation's plans to meet the requirements of an IMF programme.
After the announcement, Sri Lanka's bonds were down between 2.3 and 2.8 cents, leaving them at just over half their original face value at between 53 and 55 cents on the dollar. "It will also mean that foreign investment will not come any time soon to financial markets. But business sentiment around overall growth prospects will not change."
The island nation defaulted on its foreign debt in May 2022 and kicked off negotiations with bilateral creditors several months later, eventually securing an agreement in principal with China, India and the Paris Club last November.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Too much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerATLANTIC CITY, N.J. (AP) — The ocean and beaches have always been a part of Atlantic City's identity: from salt water taffy to Miss America bathing beauties ...
Read more »
Too much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerThe ocean and beaches have always been a part of Atlantic City's identity: from salt water taffy to Miss America bathing beauties to the name of the place itself, the city has been marketed as a place to have fun by the sea.
Read more »
Addiction shapes the way drinkers in P.E.I. think about driving, says advocateExplore stories from Atlantic Canada.
Read more »
Over 1.5 tonnes of cocaine worth $194 million seized in shipping container searched in HalifaxExplore stories from Atlantic Canada.
Read more »
N.L. planning new $13M sports and well-being dome in St. John'sExplore stories from Atlantic Canada.
Read more »
Cape Breton Pallet shelter village site in limbo amid relocation from Whitney Pier rumoursExplore stories from Atlantic Canada.
Read more »