Sri Lankan president says he is seeking to defer loan payments until 2028 amid economic crisis
- Sri Lanka's president seeks a loan repayment moratorium until 2028 to emerge from bankruptcy. Government aims to reduce debt payments to 4.5% of GDP.
- Sri Lanka defaulted on foreign debt in May 2022 due to a financial crisis. Negotiating with creditors for an agreement.
- Proposed plan to repay debts from 2028 to 2042. Economy stabilizing post-2022 crisis with improved economic indicators.
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Total News Sources0
Leaning Left4Leaning Right4Center4Last Updated2 months agoBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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