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Posts tagged as “Wickermesinghe”

Sri Lanka seeks 10-year debt moratorium

AFP report in Daily Mirror online, 21 March 2023Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout. Wickremesinghe’s office quoted him as saying the widely expected IMF rescue “will only give us a breathing space where they will say we are no longer bankrupt”. “All the money we have to…