COLOMBO : Sri Lanka will hire a global law firm to give technical assistance on debt restructuring as it prepares to seek help from the International Monetary Fund , a top official said on Tuesday.Sri Lanka will be starting official talks with the IMF in mid-April.
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Indonesia court extends Garuda debt restructuring by another two monthsJAKARTA : A Jakarta court has again extended flag carrier Garuda Indonesia's [GIAA.JK] debt restructuring process by two months, a case official said on Monday, because the company has yet to finish verifying over $10 billion in claims. This is the second extension granted to the state-controlled airline,
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