China Evergrande Group, the poster child for the industry’s woes, has it wanted to get support from bondholders for its own debt-restructuring plan by early March and faces a March 20 court hearing in Hong Kong on a winding-up petition.

Source: https://businessmirror.com.ph/2023/03/10/china-debt-restructurings-come-to-a-head-for-150-billion-market/

Now, the IMF is withholding the cash until Sri Lanka raises corporate-income and value-added taxes, cuts government spending, and reaches a debt-restructuring agreement with two of its largest creditors, China and India.

Source: http://www.srilankaguardian.org/2023/01/sri-lanka-and-imf-delusional-partners.html