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Sri Lanka Hoping To Reach Agreement With Creditors In 6 Months

EMERGING MARKETS

Sri Lanka Central Bank Governor Weerasinghe Speaks In Colombo

  • Sri Lanka facing a balance of payments crisis
  • Sri Lanka crisis translated into social unrest due to hardships
  • Sri Lanka's annual debt obligations about $6B
  • Sri Lanka hoping to reach agreement with creditors in 6 months
  • Sri Lanka debt standstill could save about $2.5B this year
  • Sri Lanka discussing funds from ongoing multilateral projects
  • Sri Lanka in talks with world bank, ADB, AIIB on emergency fund
  • Sri Lanka trying to encourage FX earnings for essentials import (All BBG)

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