Sri Lanka has declared default

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The Sri Lankan government has declared default for the first time in its history to stem the economic collapse that has sparked mass protests and a political crisis. reports that the statement came from Central Bank Chairman Nandalal Weerasinghe.

He said the government had failed to pay its debts to creditors and had therefore agreed to a default.

It should be noted that the country urgently needs $ 3-4 billion to get out of the situation in the short term.

2022.05.19 / 15:38
Zuleykha Aghasieva
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