INSUBCONTINENT EXCLUSIVE:
by the International Monetary Fund and debt deals at peril, the Bloomberg reported.Bonds maturing in March 2029 declined 3.1 cents, the
biggest drop in about two years, to 50.2 cents on the dollar on Monday
The S-P Sri Lanka 20 Index of blue-chip stocks reversed intraday losses to trade 2.2% higher
vowed to reopen negotiations with the IMF over its $3 billion bailout, which comes with spending cuts and tax hikes that proved deeply
after handing investors a return of close to 70% last year, one of the best in emerging markets.It raises question marks not only for the
IMF program but also whether a new administration would honor the agreement reached with creditors, with a risk that Dissanayake will compel
agreement in principle with bondholders to restructure about $12.6 billion in debt
outcome of the presidential election, said Navin Ratnayake, head of research at Colombo-based John Keells Stock Brokers
