Creditor nations agree to suspend debt repayments until 2028 with around a 2-pct interest rate

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 […]