Sri Lanka cenbank governor says to temporarily suspend foreign debt payments

MG News | April 12, 2022 at 11:10 AM GMT+05:00

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April 12, 2022: Sri Lankan officials on Tuesday said 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.

"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," Central Bank Governor P. Nandalal Weerasinghe told reporters.

Reuters

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