COLOMBO -- As Sri Lanka rushes to work out debt treatment arrangements with its global creditors, the embattled South Asian nation faces the simultaneous challenge of restructuring domestic debt, sparking unease among the crisis-weary public.
Banks want clarity on 'voluntary' plans; global creditors expect burden-sharing
A Sri Lankan rupee note at an exchange counter in Colombo: The government is working on plans to restructure domestic public debt, amid difficult negotiations with global creditors. © Reuters
COLOMBO -- As Sri Lanka rushes to work out debt treatment arrangements with its global creditors, the embattled South Asian nation faces the simultaneous challenge of restructuring domestic debt, sparking unease among the crisis-weary public.