Sri Lankan central bank postpones sovereign debt repayment
Weerasinghe leads MPC in raising rates by 700 basis points and appeals for funds from overseas
Sri Lanka will postpone sovereign debt repayments, its newly appointed central bank governor announced, days after raising policy rates by 700 basis points.
“It has come to a point that making debt payments are challenging and impossible,” P Nandalal Weerasinghe told a press conference today (April 12). Sri Lankan president Gotabaya Rajapaksa appointed Weerasinghe on April 5 after central bank governor Ajith Nivard Cabraal resigned, along with most of the government’s ministers.
Weerasinghe
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity
- French president calls for expanded ECB mandate
- ECB says iPhone is currently incompatible with digital euro