Bond market key to ending Sri Lanka’s crisis

A lower public debt burden may pave the way for the island’s revival after last year’s default. Restructuring is getting needlessly delayed. — Bloomberg

SRI Lanka is only about a quarter of the way to meeting its commitments to the International Monetary Fund (IMF), but the results of reform are already beginning to show in the bond market.

The big missing piece is restructuring of domestic liabilities.

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