Sri Lanka Temporarily Suspend Foreign Debt Payments
Apr 12, 2022 ·
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Sri Lankan officials say that the crisis-hit country will temporarily suspend foreign debt payments to avoid a hard default, with its limited foreign reserves required for imports of essential items...
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Sri Lankan officials say that the crisis-hit country will temporarily suspend foreign debt payments to avoid a hard default, with its limited foreign reserves required for imports of essential items such as fuel.
Central Bank Governor P. Nandalal Weerasinghe says it has come to a point that making debt payments are challenging and impossible. The best action that can be taken is to restructure debt and avoid a hard default.
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Central Bank Governor P. Nandalal Weerasinghe says it has come to a point that making debt payments are challenging and impossible. The best action that can be taken is to restructure debt and avoid a hard default.
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