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Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payments
Updated On: 12 April, 2022 04:16 PM IST | Colombo | ANI
According to an interim policy released by the Finance Ministry regarding the servicing of the country's external public debt, the government has announced that it would default on its USD 51 billion external debt pending a bailout from the International Monetary Fund (IMF)
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Sri Lankans shout anti government slogans blocking the entrance to president`s office during a protest in Colombo. Pic/PTI
Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its foreign debts.
According to an interim policy released by the Finance Ministry regarding the servicing of the country's external public debt, the government has announced that it would default on its USD 51 billion external debt pending a bailout from the International Monetary Fund (IMF).
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