How Long Did Sri Lanka Take to Secure its Board Level Agreement

Abstract

Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in reaching an agreement with the International Monetary Fund (IMF) causing worry among investors and policymakers alike. In this infographic, we take a closer look at the time taken between the staff level agreement and board level agreement for Sri Lanka, compared to other countries that underwent debt restructuring since 2009. Using publicly available information, we found that Sri Lanka is majorly delayed in its debt restructuring process, with a 200-day gap between the two agreements. This delay could have significant implications for the country's economy, as well as its ability to access international financing in the future.