Sri Lanka to temporarily suspend foreign debt payments

INSUBCONTINENT EXCLUSIVE:
Sri Lanka will temporarily suspend foreign debt payments to avoid a hard default, the central bank governor said on Tuesday, with its
challenging and impossible
Nandalal Weerasinghe told reporters.Sri Lanka is due to start talks with the International Monetary Fund (IMF) on a loan programme next
stood at a paltry $1.93 billion at the end of March, with foreign debt payments of around $4 billion due this year, including a $1 billion
international sovereign bond maturing in July.The governor said the action was being taken in good faith, emphasizing that the country of 22
by Ada Derana
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