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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka can service external debt, domestic to foreign loan ratio improved: Cabraal

Sri Lanka can service external debt, domestic to foreign loan ratio improved: Cabraal

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samaritan


Moderator
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Saturday October 31, 2020 14:49

ECONOMYNEXT – Sri Lanka has the ability to repay foreign debt and the ratio of domestic to foreign debt is now more favourable, State Minister for money and capital markets, Nivard Cabraal said amid downgrades and a sell-off of the island’s dollar sovereign debt.
“Sri Lanka is justifiably proud of its immaculate debt service record, without a single default,” Cabraal said.
“It would also be noted that Sri Lanka has experienced similar challenging circumstances previously, with high levels of debt.”
https://economynext.com/sri-lanka-can-service-external-debt-domestic-to-foreign-loan-ratio-improved-cabraal-75419/

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka can service external debt, domestic to foreign loan ratio improved: Cabraal

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