Politics
Sri Lanka Reducing Reliance on Foreign Debt, Short-Term Bills
Key Points
Sri Lanka Reducing Reliance on Foreign Debt, Short-Term Bills Sri Lanka is reducing dependence on foreign borrowing while raising more money domestically through longer-term bonds, as it seeks to make its debt more sustainable under an International Monetary Fund program, Deputy Finance Minister Anil Jayantha Fernando said. The government is also adopting a strategy of lowering the amount of Treasury bills it rolls over in the domestic market, Fernando said in an interview in his Colombo office.
Sri Lanka Reducing Reliance on Foreign Debt, Short-Term Bills
Sri Lanka is reducing dependence on foreign borrowing while raising more money domestically through longer-term bonds, as it seeks to make its debt more sustainable under an International Monetary Fund program, Deputy Finance Minister Anil Jayantha Fernando said.
The government is also adopting a strategy of lowering the amount of Treasury bills it rolls over in the domestic market, Fernando said in an interview in his Colombo office.