According to the International Monetary Fund, Sri Lankan authorities now have the power to negotiate any proposals private creditors make, such as issuing GDP-linked bonds.
This was announced by Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, at a news conference, when asked whether issuing GDP-linked bonds was an idea the IMF would allow.
“We don’t get involved in debt restructuring efforts between creditors and debtors,” he said.
Source: Reuters
