Sri Lanka settles sovereign bond payment as reserves dwindle : Rashtra News #Sri #Lanka #settles #sovereign #bond #payment #reserves #dwindle Highlights Sri Lanka has paid USD 500 million due on sovereign bonds. Sri Lankans are currently facing shortages of essentials like milk powder, cooking gas and kerosene. Sri Lanka has foreign debt obligations exceeding $7
COLOMBO, Sri Lanka (AP) Sri Lanka has paid $500 million due on sovereign bonds from its badly depleted foreign reserves despite calls by experts to defer the payment and use the sum to import essential foods and medicine.