Sri Lanka Unilaterally Suspends External Debt Payments, Needs Money for Essentials
KONTAN.CO.ID - COLOMBO/LONDON. Sri Lanka's central bank said on Tuesday, it had become challenging and impossible to repay external debt. Sri Lanka tries to use its dwindling foreign exchange reserves to import essentials like fuel.
The island nation's reserves have slumped more than two-thirds in the past two years. Tax cuts and the Covid-19 pandemic badly hurt its tourism-dependent economy and exposed the government's debt-fuelled spending. Street protests against shortages of fuel, power, food and medicine have gone on for more than a month.
Ini Artikel Spesial
Agar bisa lanjut membaca sampai tuntas artikel ini, pastikan Anda sudah berlangganan atau membeli artikel ini.
Sudah berlangganan? MasukBerlangganan
Hanya dengan 20rb/bulan Anda bisa mendapatkan berita serta analisis ekonomi bisnis dan investasi pilihan
Kontan Digital Premium Access
Business Insight, Epaper Harian + Tabloid, Arsip Epaper 30 Hari
Rp 120.000
Berlangganan dengan Google
Gratis uji coba 7 hari pertama. Anda dapat menggunakan akun Google sebagai metode pembayaran.
