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Chatter about that Sri Lanka is on the brink of a sovereign bond default

Started by forex4you, Feb 08, 2022, 04:24 am

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Chatter about that Sri Lanka is on the brink of a sovereign bond default

Sri Lanka is expected to restructure its debt and call on the IMF for assistance as its financial crisis worsens.Media sources:Sri Lanka owes $15bn in bonds, mostly dollar denominatedtotal $45bn long-term debtneeds to pay about $7bn this year in interest and debt repayments but its foreign reserves


Source: Chatter about that Sri Lanka is on the brink of a sovereign bond default

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