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Sri Lanka defaults on debt for first time in its history.

2022-05-30 | Japan: Foreign affairs

 

Sri Lanka defaults on debt for first time in its history.

I would like tentatively to share the BBC news.

Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years.
It comes after a 30 day grace period to repay $78m (£63m) of unpaid debt interest payments expired on Wednesday.
The governor of Sri Lanka's central bank said the country was now in a "pre-emptive default".

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