There have been major developments in recent weeks for Sri Lanka’s debt restructuring process and IMF program negotiations: India and the Paris Club provided financing assurances for the program to move to the IMF Board, while China Exim offered a two-year debt service moratorium falling short of IMF requirements and risking a protracted stalemate until one of the stakeholders blinks.
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Sri Lanka: who blinks next?
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There have been major developments in recent weeks for Sri Lanka’s debt restructuring process and IMF program negotiations: India and the Paris Club provided financing assurances for the program to move to the IMF Board, while China Exim offered a two-year debt service moratorium falling short of IMF requirements and risking a protracted stalemate until one of the stakeholders blinks.