Sri Lanka’s central bank urges China and India to reduce its debts

The crisis-hit Indian Ocean state cannot access a $2.9bn bailout until its debts to China and India are resolved. …

In the years after Argentina plunged into economic crisis and default in 2001, some American hedge funds, rather than accepting a restructuring of the sovereign bonds they had bought on the open market, demanded full repayment and took the country’s government to court in the US to achieve it.


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