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.
Sri Lanka crisis
Sri Lanka domestic debt restructuring plan aims to shield banks
Creditors monitoring proposal headed for parliament after cabinet approval
A line at an ATM in Colombo: Sri Lanka's government has assured depositors that they will not be affected by domestic debt restructuring, as it looks to cushion the impact on the banking sector. © Reuters
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