Sri Lanka defaults on debt for first time in its history
The default comes as the country struggles with its worst financial crisis in more than 70 years. …
Asked whether the country was now in default, central bank governor P Nandalal Weerasinghe said: “Our position is very clear, we said that until they come to the restructure [of our debts], we will not be able to pay. So that’s what you call pre-emptive default.
About The Author
