Sri Lankan President Addresses The Nation On Debt Restructuring In Sri Lanka

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Sri Lankan President Addresses The Nation On Debt Restructuring In Sri Lanka

Sri Lankans are watching a roadside monitor as Sri Lanka President Ranil Wickremesinghe addresses the nation in Colombo, Sri Lanka, on June 26, 2024. President Wickremesinghe is saying that Sri Lanka and its official bilateral creditors--Japan, India, France, and China--are finally agreeing to restructure the country's approximately $10 billion in bilateral debt. The biggest economic crisis the nation has seen in decades is beginning to resolve thanks in large part to this accord. Officially, Sri Lanka declared in April 2022 that it wouldn't be able to pay its debts. (Photo by Akila Jayawardena/NurPhoto)


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