Cash-strapped Sri Lanka to restructure domestic debt ...Middle East

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COLOMBO: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the government's domestic debt amounting to more than $51 billion.The restructuring affects government bonds in line with an IMF bailout agreed in March, after Sri Lanka defaulted on its foreign debt in April last year and declared bankruptcy.A parliamentary official said lawmakers were expected to meet on Tuesday to discuss holding a special session of the legislature later this week to approve debt restructure plans.Central bank governor Nandalal Weerasinghe said authorities had ordered that Friday will be a holiday, on top of existing religious h

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