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Sri Lanka crisis

Uncertainty looms over Sri Lanka as debt restructuring talks hit snag

Upcoming presidential election ramps up pressure to accelerate negotiations

Sri Lankan capital Colombo. The nation has failed to strike an agreement with international bondholders on restructuring about $12 billion in debt.   © Reuters

COLOMBO -- Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by the International Monetary Fund, experts warn.

The South Asian island country announced on Tuesday that it has failed to strike an agreement with international bondholders on restructuring more than $12 billion in debt, a mandatory requirement set out by the IMF.

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