SL debt repayment period to be extended from 2028 to 2042, with a lowered interest rate of around 2-pct

Sri Lanka is in the final stages of negotiations with its creditors, spearheaded by Japan, to suspend debt repayments until 2028.

The repayment period will be extended from 2028 to 2042, with a lowered interest rate of approximately 2%. Despite Sri Lanka's appeal for further debt reduction, Nikkei Asia reports that no additional cuts are anticipated.

China, being the largest creditor, is participating as an observer. However, the terms of its debt restructuring are expected to align with those agreed upon with other creditors.

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Tahir Riaz
Tahir Riaz
29 days ago

This is good for Sri Lanka to start repaying foreign debt starting from 2028 to 2042. This can be treated as golden change to manage its own inflow by managing and to expand export volume in significant way and to also start dependence on their own products to reduce the import bills.

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