Govt. should prepare for debt re-profiling: Dr.Harsha | Daily FT

SJB parliamentarian Dr. Harsha de Silva outlining Sri Lanka’s debt challenges yesterday SJB parliamentarian citing Morgan Stanley report warns Govt. to engage with IMF or prepare for debt re-profiling to avoid default Accuses Govt. of not taking debt sustainability seriously enough Warns tail risk scenario done for first time on SL Says if no readiness for debt profiling then SL could find itself in sovereign default Appeals to Govt. to focus on boosting investor confidence, notes SL priced out of bond market By Asiri FernandoTo avoid the worst case scenario of a sovereign default next year Sa…

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