"It's a Herculean task," Finance Minister Ali Sabry told Reuters in his first interview since taking office this week, referring to finding US$3 billion in bridge financing as the country readied for negotiations with the International Monetary Fund this month.
"The entire effort is not to go for a hard default," Mr Sabry said."We understand the consequences of a hard default."
Get it from their corrupt leaders who got bribes from china.
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Sri Lanka industry says 2022 exports could tumble 20per cent-30per cent on economic crisisCOLOMBO : Sri Lankan leaders from garments, tea and other industries said on Friday the country's goods and services exports could plunge 20per cent to 30per cent this year due to high freight charges and power cuts, potentially worsening an economic crisis.Various industry associations addressed a news c
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Sri Lanka opposition threatens no-confidence motion, industry warns of 'fall off precipice'COLOMBO: Sri Lanka\u0027s main opposition party on Friday (Apr 8) asked the government to take effective action to resolve an economic crisis or face a no-confidence motion, as business leaders from garments, tea and other industries warned exports could fall 20 to 30 per cent this year. The heavily indebted co
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