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Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure - PM

Clifford Chance Lazard Sri Lanka Ranil Wickremesinghe

FILE PHOTO: Ranil Wickremesinghe, newly appointed prime minister, arrives at a Buddhist temple after his swearing-in ceremony, amid the country's economic crisis, in Colombo, Sri Lanka, May 12, 2022. REUTERS/Dinuka Liyanawatte/File Photo

Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation's prime minister said on Tuesday.

The advisers reached the country a week before a delegation from the International Monetary Fund is expected in Colombo for bailout talks.

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