Sri Lanka temporarily suspends foreign debt payments

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Sri Lanka temporarily suspends foreign debt payments

STORY: Sri Lanka temporarily suspends foreign debt payments DATELINE: April 13, 2022 LENGTH: 00:01:29 LOCATION: Colombo CATEGORY: ECONOMY SHOTLIST: 1. various of Sri Lanka's Finance Ministry 2. a press conference held on Tuesday by Sri Lanka's Finance Ministry and the central bank 3. various of Sri Lanka STORYLINE: Sri Lanka's Finance Ministry on Tuesday said the government has decided to suspend normal debt servicing of all affected debts for an interim period till it puts together an orderly and consensual restructuring program supported by the International Monetary Fund (IMF). In a statement, the ministry said debt repayments would be restructured in a manner consistent with an economic adjustment program supported by the IMF, which will apply to all debt repayments. However, it said credit facilities and any amounts disbursed under existing credit facilities are not subject to this policy and shall be serviced normally. The Finance Ministry said creditors, including foreign governments tha

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