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Sri Lanka is negotiating with bondholders and is contemplating a programme with the International Monetary Fund (IMF), Finance Minister Basil Rajapaksa had told Financial Times based in London (FT.com).
“We have [international sovereign bonds] which we have to repay, so we are negotiating with them.
Then we have creditors and we have to service their debt, so whether we can have an adjustment or some type of thing,” Rajapaksa was quoted as saying.
Rajapaksa had added that the government would “think about a programme with the IMF . . . All those discussions are going as well.”
When FT.com had asked if he was negotiating a restructuring with bondholders, Rajapaksa had replied saying, “something like that”. “Obviously you can understand what we want and you can understand what the bondholders would like to have,” Rajapaksa was quoted as saying.