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Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts - LNW Lanka News Web
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Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts - LNW Lanka News Web
As Sri Lanka continues to grapple with its worst economic crisis in decades, the country has taken another step forward in managing its crippling debt burden. In a significant development, Sri Lanka signed a bilateral agreement with Hungarian Export Credit Insurance PLC to reschedule loans worth around €30 million (approximately Rs. 10.5 billion), as part of its broader external debt restructuring programme. This move comes at a critical time wh…
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