Category: Economy
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OCC agrees to SriLankan Airlines’ debt restructuring proposal: Treasury Sec
The Official Credit Committee (OCC), which is involved in Sri Lanka’s debt restructuring efforts, has agreed to the government’s proposal regarding the repayment of state-owned SriLankan Airlines’ debt, according to Treasury Secretary Harshana Suriyapperuma. SriLankan Airlines had previously issued a sovereign-guaranteed bond worth 175 million US dollars to raise funds after experiencing losses. These financial