Sri Lanka's Public Debt Sustainability and Restructuring Update
Expected timeline for the Debt Restructuring Process
September Q4 2022
• Staff Level agreement (✓)
.
Engagement with official creditors in view of securing
assurances to restore debt sustainability
• Preliminary information sharing with creditors under
NDA¹
• Follow-up technical discussions with IMF Staff, notably
on the DSA
IMF Board Approval 2023
Q2 2023
Finalization of the discussions
Legal implementation of the
agreements
1st IMF review
2022
SLA
August 2022
• IMF Staff Mission
End Q4 2022-Q1/Q2 2023
Pursued information sharing efforts with all creditors
• Negotiations with private and official creditors on
restructuring terms compliant with IMF DSA targets and
comparable across the different creditor categories
Reaching agreements in principle with all creditors
Authorities'
objectives
Source: Ministry of Finance, Economic Stabilization and National Policies
Note: (1) Information and data could be shared to private creditors prior to IMF Board Approval but only under Non-Disclosure Agreements ("NDA")
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