Lanka's world-beating bonds pin hopes on IMF billions
Business Standard|March 21, 2023
Investors are betting that Sri Lanka will win final approval for about $2.9 billion bailout from the International Monetary Fund, a key step for the bankrupt nation to revive its economy from the worst crisis in decades.
KARL LESTER M. YAP, MALAVIKA KAUR
Lanka's world-beating bonds pin hopes on IMF billions

The nation's dollar bonds have returned 20 per cent this year, the top performers. The local currency surged 8 per cent and stocks climbed 5 per cent this month, beating their Asian peers on anticipation of billions of dollars in financing trickling in. The rupee fell 45 per cent last year, while the CSE All-share index declined more than 30 per cent in 2022.

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