Debt Deal

The agreement reached between Sri Lanka and the Export-Import Bank of China (Exim Bank) is a ‘positive step forward’ in the island nation’s debt restructuring process, the International Monetary Fund (IMF) says. Commenting in this…

Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors — a key sticking point with countries like India — paving the way for more loans from the International Monetary…