Sri Lanka approves controversial foreign debt deal
COLOMBO: Sri Lanka’s new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said on Saturday.
Former leader Ranil Wickremesinghe announced a deal with international sovereign bondholders and the China Development Bank just two days before he lost presidential elections last month.
The new leftist President Anura Kumara Dissanayake had called for better terms...
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