Sri Lanka's cabinet approved a domestic debt restructuring programme at a special cabinet meeting on Wednesday, a source at the president's office told Reuters.
Pledging to put its mammoth debt burden on a sustainable track, Sri Lanka locked down a $2.9 billion bailout from the IMF in March, which has helped it recover from the country's worst financial crisis in more than seven decades.
"Cabinet approved the domestic debt restructuring programme," a source at the president's office told Reuters.
The office said earlier in the day an official statement will be made on Thursday morning.
