Wednesday, April 26, 2023

Sri Lanka"s Debt Restructuring Will Continue -President

 Sri Lanka"s debt restructuring process will go ahead even if the Banking swrvice and stock market of the country collapse Presodent Ranil Wkiramasinghe has stated in Parliament yesterday(26).


Adrressing the Parliament during the debate held in parliament on EFF facility offered by the International Monetary Fund(IMF),President Wikramasinghe has told that the total debt of Sti lanka now stands at USD 83.5 Billion   comprising of USD.41.5 Billion  as foreign debt and USD 42 billion as domestic  debt .The debt restructuring process will be not suspended under any circamstance he has stressed.

Sri lanka will start negotiations with foreign crediters the President has further said


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