Sri Lanka's bond restructuring agreement, concluded in late 2024 after two years of negotiations, is one of the most complex sovereign debt restructurings in history. For the country as a whole, it provides a path back to the international capital markets and relief from the immediate debt service burden. For Tamil communities, the implications are more ambiguous.
Breaking Down Sri Lanka's Bond Deal
Sri Lanka, which defaulted in May 2022, has reached a crucial agreement to restructure US$12.55 billion in bond debt.
READ MORE
How Austerity Is Hollowing Out the Tamil North
IMF-driven spending cuts are falling disproportionately on the war-affected north and east, threatening fragile post-conflict recovery.
Breaking Down the Bond Deal: What It Means for Tamils
Sri Lanka's US$12.55 billion debt restructuring has been finalised, but economists warn that austerity measures will hit the north and east hardest.
Tamil Cinema's New Wave: Telling Stories the State Ignores
A generation of young filmmakers from the north and east are producing work that speaks to lived experiences of war, loss, and survival.