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24.01.2022 / 17:01

Sri Lanka has to settle USD 12.5 Bn in ISB over the next seven years – Cabraal

COLOMBO (News 1st); Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal said the island nation has to settle USD 12.5 Billion of debt in International Sovereign Bonds over the next seven years.Speaking to the US-based CNBC, the Governor said the total foreign debt outstanding for 2022 is approximately USD 6.9 Billion.“Out of the 6.9 Billion, most of the loans are Sri Lankan-based loans which we have already negotiated for rollover as well as certain multilateral debts which are also being funded with new receipts that are coming in,” he said.“The only area that we do see as some kind of risk, as well as concern, is the international sovereign bonds. Out of which we need to pay 1.5 Billion Dollars back this year.

Nivard Cabraal Usa Sri Lanka Government Strategy

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