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Reuters
Reuters
Business
By Uditha Jayasinghe

Lazard in talks with China, India, Japan on Sri Lanka debt

Lazard Sri Lanka China India Japan International Monetary Fund
A protester holds a national flag at a seafront tent camp that became the focal point of months-long nationwide demonstrations, as the deadline police asked them to leave the camp is approaching, amid the country's economic crisis, in Colombo, Sri Lanka, August 10, 2022. REUTERS/Kim Kyung-Hoon/File Photo

Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.

Lazard was hired by Sri Lanka in May, along with international lawyers Clifford Chance, to guide the government through the process of restructuring its debt, for which estimates range from $85 billion to well over $100 billion.

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