World Watch
Sri Lanka : President Ranil Wickremesinghe Expects Debt Restructuring Programme Done By September 2023
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Sri Lankan President Ranil Wickremesinghe has said that Sri Lanka’s debt restructuring programme will be completed by September this year and its bankrupt economy will be brought to a stable level, a media report said on Monday.
Debt-ridden Sri Lanka is still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April last year.
“A country becoming bankrupt means that it is a beggar nation. None of us wants to become a beggar nation. We approached the IMF, as we have nowhere else to go,” Wickremesinghe, also the country’s finance minister, said on Sunday.
