Sri Lanka’s prime minister told his parliament that Colombo faces its highest ever loan installment payment next week, as debts for the government continue to climb.
Ranil Wickremesinghe stated that a payment of US$ 2.6 billion is due on Monday, despite the government’s foreign reserves coming down to US$ 6.9 billion.
Colombo will be paying back close to US$ 5.9 billion in interest and principal payment for debt servicing alone throughout this year, reports Lanka Business Online.
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