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Wednesday July 7, 2021 10:22 am
Wednesday July 7, 2021 10:22 am
ECONOMYNEXT – Sri Lanka will repay a sovereign bond in 2021 and others as they fall due and there is no requirement for an International Monetary Fund bailout, State Minister for Money and Capital Markets Nivard Cabraal has said.
“There is no question that we will not repay,” Cabraal said after the yield on Sri Lanka July 2021 bond fell sharply this week.
He said similar predictions had been made in the past but had not turned out.
“They said we will not be able to pay in 2020. We paid it,” Cabral told reporters at the Finance Ministry this week.