Sri Lanka's Bondholders To Vote On $12.55 Bn Debt Swap By December 12 |

Sri Lanka’s central bank has cut its benchmark interest rate to 8%, signaling efforts to stabilise its fragile economy. This move follows a major breakthrough in restructuring $12.55 billion in international sovereign bonds, a key requirement of the $2.9 billion bailout secured from the international monetary fund in 2023. Watch in for more details!