Sri Lanka optimistic about deal with bondholders soon, says junior finance minister
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Sri Lanka is optimistic about reaching an agreement soon with bondholders to restructure about $12 billion in debt, State Minister of Finance Sehan Semasinghe said on Monday.
Securing an agreement will be a major step for the island nation - which held talks with bondholders in London last week - to emerge from its worst financial crisis in decades after it defaulted on its foreign debt in May 2022.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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