Sri Lanka struggling to repay a record foreign debt

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Sri Lanka struggling to repay a record foreign debt

Sri Lanka’s prime minister, Ranil Wickremesinghe stated, “We are yet to quantify the losses, but it was a death blow to an economy that was struggling to recover.” Sri Lanka plans to raise $1 billion from the international debt market and another $500 million from China and Japan and a $400 million from the Reserve Bank of India.        

 

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https://economictimes.indiatimes.com/news/international/world-news/sri-lanka-struggles-to-repay-record-foreign-debt-prime-minister/articleshow/67469696.cms

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