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Sri Lanka's Debt Restructuring Concerns
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Sri Lanka and a consortium of creditor nations, including Japan, France, and India, have reached an agreement on a $5.9 billion debt restructuring, following a previous deal with the Export-Import Bank of China. However, concerns have been raised by bondholders regarding the transparency of the deal, hindering compliance with IMF rules.
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How have previous debt restructuring agreements in other countries influenced Sri Lanka's current negotiations?
How might the lack of transparency in Sri Lanka's debt restructuring impact the country's credit rating?
What measures can be taken to ensure transparency in debt restructuring agreements to comply with IMF rules?
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