Foreign investors who hold the debt are prepared to work out the details of a restructuring, according to the people with direct knowledge of the talks who didn’t want to be named. This is on the basis that the International Monetary Fund review, that began Thursday, doesn’t result in any major changes to the macroeconomic assumptions under which bailout negotiations are taking place, they added.
The completion of Sri Lanka’s domestic debt restructuring earlier this week and the arrival of officials from the IMF for a first review of its loan program sets the stage for more intense negotiations, according to the people.
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