Turns out Sri Lanka (afka Ceylon) was involved in a sovereign debt restructuring in 1953, as a creditor (!) Likely restructuring export credit (tea or rubber) to germany pre-war, which also included a SCDI linked to german economic growth and exports. researchgate.net/publication/30…
Michael Pettis@michaelxpettis
4/5 There were 18 other creditors, mostly European, but also Canada, Ceylon, Iran, Pakistan, and South Africa. Among the European creditors, interestingly enough, was Greece, the memory of which helped spice up the post-GFC discussions on Greek debts to Germany and the EU.
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