May 20, 2022 · Sri Lanka is seeking to restructure debts of more than $50bn it owes to foreign creditors, to make it more manageable to repay.

Mar 2, 2023 · These debates aside, it is increasingly clear that the immediate cause for Sri Lanka’s collapse is the structure of the country’s debt itself – specifically, its deep and growing exposure to...

5 days ago · Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday as he unveiled a budget that is seen as a key ...

Sri Lanka has foreign debt obligations of $7 billion, including $1 billion worth sovereign bonds which is to be repaid by July 2022. [167] The government is planning to hire a global law firm to provide technical support and assistance on debt restructuring .

Jun 26, 2024 · Sri Lanka has debt outstanding of $6.2 billion to the ADB and owes $4.3 billion to the World Bank but the country is not restructuring multilateral debt.

Oct 13, 2023 · Sri Lanka has confirmed that it has reached a deal with China, to restructure $4.2bn (£3.4bn) of debt. It has been trying to reach similar deals with a number of creditors to unlock the...

The table below provides a comprehensive summary of the total public debt of Sri Lanka as at end 2022. It includes Central Government, guaranteed state-owned enterprises debt and CBSL debt, denominated in both FX and LC.

Jun 27, 2024 · By 2022, Sri Lanka had to repay about $6 billion in foreign debt every year, amounting to about 9.2% of gross domestic product. The agreement would enable Sri Lanka to maintain debt payments at less than 4.5% of GDP between 2027 and 2032.

Sri Lanka declared the country was suspending payment on most foreign debt from April 12, 2022, kindling the Indian Ocean island's first sovereign default event and ending an unblemished record of repaying external debt despite experiencing milder currency crises in the past.

5 days ago · Sri Lanka aims to transform its economy and commence debt repayments by 2028, President Anura Kumara Dissanayake stated in his first full budget. The budget aligns with a $2.9 billion IMF bailout, targeting a primary surplus of 2.3% of GDP and significant poverty reduction while maintaining stable exchange rates.