COLOMBO -- As Sri Lanka's banking sector shut down on Wednesday evening for an unprecedented five-day holiday, the government obtained cabinet approval for a plan to restructure the country's domestic debt, as the island nation attempts to dig itself out of its worst-ever economic crisis.
President Ranil Wickremesinghe's office confirmed in a statement that the cabinet had unanimously approved the debt restructuring at a special meeting, setting the stage for submission to parliament.
