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Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…
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DOI: 10.1108/OXAN-DB280445
ISSN: 2633-304X
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SRI LANKA: Key talks on debt will be protracted
The ruling New Patriotic Party (NPP) and its presidential nominee for the December 2024 general election, Vice President Mahamudu Bawumia, will look to take credit for these…
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DOI: 10.1108/OXAN-DB285036
ISSN: 2633-304X
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According to the constitution, the presidential contest must take place in September-October, but parliamentary elections are not due until 2025. President Ranil Wickremesinghe…
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DOI: 10.1108/OXAN-DB285553
ISSN: 2633-304X
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Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…
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DOI: 10.1108/OXAN-DB284559
ISSN: 2633-304X
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The Massa-Milei run-off was widely expected but the result of the October 22 first round was less so, with Massa receiving 36.7% of the vote to nearly 30.0% for Milei. Much will…
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DOI: 10.1108/OXAN-DB282875
ISSN: 2633-304X
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This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…
Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…