FT

Expected timeline for the Debt Restructuring process

Monday, 26 September 2022 03:23 -     - {{hitsCtrl.values.hits}}

September – Q4 2022

  • Staff-Level Agreement with IMF completed
  • Engagement with official creditors in view of securing  assurances to restore debt sustainability
  • Preliminary information sharing with creditors under Non-Disclosure Agreements
  • Follow-up technical discussions with IMF Staff, notably on the Debt Sustainability Analysis (DSA)

 

End Q4 2022 – Q1/Q2 2023

  • Pursued information sharing efforts with all creditors
  •  Negotiations with private and official creditors on restructuring terms compliant with IMF DSA targets and comparable across the different creditor categories
  •  Reaching agreements in principle with all creditors
  • Q2 2023
  •  Finalisation of the discussions
  •  Legal implementation of the Agreements

 

From debt relief to sustainability: Sri Lanka unveils roadmap

Government kicks off identification  of $ 12.7 b  Lankan ISB holders

COMMENTS