Sri Lanka’s bondholders ready for debt restructuring talks with authorities

Sri Lanka’s bondholders have told the International Monetary Fund(IMF) that they are prepared to engage with the Island nation’s authorities in debt restructuring talks consistent with the parameters of the global lender’s program.

“The Bondholder Group through its steering Committee stand ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to regain access to the international capital markets during the IMF Programme period “