The Sri Lankan delegation led by Finance Minister Ali Sabry has participated in a comprehensive briefing on the debt restructuring process by the legendary Lee Buchheit who has worked on more than two dozen sovereign debt restructurings.
The delegation which includes the Governor of the Central Bank of Sri Lanka (CBSL) Nadalal Weerasinghe had engaged in the comprehensive briefing at the IMF Headquarters in Washington DC, amidst their busy schedules.
Lee Buchheit who headed the briefing has led the legal teams advising Greece in the 2012 restructuring of government bonds totaling more than 206 billion euros which was the largest sovereign debt workout in history.
The members of Sri Lanka’s high-powered Advisory Group, Dr. Shantha Devarajan (Professor of the Practice of International Development at Georgetown University and former acting Chief Economist of the World Bank Group), Dr. Sharmini Coorey (former Deputy Director, Africa Department of the International Monetary Fund), and Dr. Indrajith Coomaraswamy (former Governor of the Central Bank and Head of the Economic Affairs Division of the Commonwealth Secretariat) have taken part in the briefing virtually. (NewsWire)
