Debt Burden Falls to 95% of GDP as Repayment Capacity Improves: CBSL Governor - LNW Lanka News Web

Debt Burden Falls as Repayment Capacity Improves - Dr. Nandalal Weerasinghe - Business News LK

A few years ago, the biggest question hanging over the economy was simple: Can the country repay its debt? Today, according to CBSL Governor Dr. Nandalal Weerasinghe, the answer looks far more positive. The Governor says recent economic improvements have strengthened the country’s ability to repay both domestic and foreign debt. More importantly, he pointed to a key indicator that investors, lenders, and global markets watch the debt-to-GDP rati…

Debt Burden Falls to 95% of GDP as Repayment Capacity Improves: CBSL Governor - LNW Lanka News Web

Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka’s ability to repay both domestic and foreign debt has improved significantly due to recent positive economic developments and strengthened debt management. Speaking on the country’s economic outlook, Dr. Weerasinghe noted that Sri Lanka’s debt burden has declined from 105 percent to 95 percent of Gross Domestic Product (GDP), reflecting progress made through fiscal reforms and public …