Committed to maintaining “untainted” debt repayment record: CB

Tuesday, 23 March 2021 00:30 - - {{hitsCtrl.values.hits}}

The Central Bank said yesterday it was committed to maintaining its “untainted debt repayment record” despite adverse speculations.

“Sri Lanka has met all repayments that have come due thus far in 2021, and the Government and the Central Bank remain committed to maintaining its untainted debt repayment record in the future as well,” Central Bank Governor Prof. W.D. Lakshman told the opening of the Association of Professional Bankers (APB) – Sri Lanka Research Symposium 2021.

He said discussions were continuing to secure foreign financing, while several steps have been taken to strengthen foreign currency reserves. “These efforts focus on strengthening non-debt creating foreign exchange inflows, and therefore complement the policy direction of the Government to promote an export-competitive, domestic production-driven economy with reduced reliance on imports.

“Throughout history, Sri Lanka has maintained an unblemished record of timely repayment of its foreign debt.”

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