Sri Lanka Allocates Rs. 3000 Bn for Sovereign Bond Settlement in 2024 Budget

Sri Lanka Allocates Rs. 3000 Bn for Sovereign Bond Settlement in 2024 Budget

Sri Lanka has earmarked a substantial Rs. 3000 billion for the execution of foreign debt restructuring and the settlement of international sovereign bonds within the foreign debt restructuring program. President Ranil Wickremesinghe, presenting the 2024 Budget in Parliament, emphasized the reduction of Sri Lanka’s net debt to its present value through the restructuring of International […]