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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.

Axar.az 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.

Date
2022.05.19 / 15:38
Author
Zuleykha Aghasieva
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