Sri Lanka met with bondholders, aims to exit default as soon as possible, central bank governor says

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WASHINGTON :Sri Lanka met this week with its bondholders in Washington to discuss a debt exchange as the South Asian country aims to emerge from default as soon as possible, central bank Governor Nandalal Weerasinghe said on Friday.

Weerasinghe said the next review of the IMF program will be delayed, but did not give a timeline on when it would happen or if it would be before the end of this year.

Earlier this month the International Monetary Fund and official bilateral creditors backed the proposal.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSri Lanka

Topics: Default Nandalal Creditors Lanka Washington Central Governor Bank Weerasinghe Economic Colombo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 01:22:17 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 306 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23243879

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Official Website: channelnewsasia.com

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