COLOMBO, May 25 (NNN-XINHUA) – Sri Lanka hired two international financial and legal advisors, to help restructure the external debt of the Sri Lankan government, cabinet spokesperson, Bandula Gunawardena, told the media yesterday.
He said that, the cabinet of ministers, on Monday, approved hiring an international financial advisory service provider and an international legal advisory service provider, to restructure the external debt of the country.
Gunawardena said that, they have received 28 proposals from international financial advisory service providers and 23 proposals from international legal advisory service providers.
The two institutions were recommended by a steering committee, appointed by the cabinet, and they have handled debt talks for crisis-strained countries in recent years.
Sri Lanka, in Apr, suspended the servicing of its external debt.– NNN-XINHUA
