Bankrupt Sri Lanka to seek debt moratorium until 2028
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Loveworld / 4 months
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- 2 min read
On Wednesday, Sri Lanka’s president announced his pursuit of a moratorium on foreign debt repayments until 2028, responding to the aftermath of a government default that triggered an unprecedented economic crisis two years ago. The economic turmoil, stemming from a decline in foreign exchange reserves, led to prolonged food and fuel shortages, sparking street protests […]