World News
Home > World News
Sri Lanka declares bank holiday for domestic debt restructuring
TIWN
TIWN
PHOTO : TIWN
Colombo, June 26 : Sri Lanka will have a five-day bank holiday from June 29 to July 3 to provide time for domestic debt restructuring, an official said.
The restructuring affects government bonds in line with an IMF bailout agreed in March, after Sri Lanka defaulted on its foreign debt in April last year and declared bankruptcy.
A parliamentary official said lawmakers were expected to meet on Tuesday to discuss holding a special session of the legislature later this week to approve debt restructure plans.
Add your Comment
Comments (0)
More World News
- A conviction can cost Trump his vote, some Republican support: Analysis
- India exemplifies how digital revolution can become accessible to millions: UNGA President
- Hundreds of students arrested across US in surging pro-Palestine protests
- North Korea touts ties with Russia on Kim-Putin summit anniversary
- UN resolution against arms race in space fails due to Russian veto