Item in DailyFT, 8 February 2026 …. sent to TPS by Asoka Kuruppu in Brisbane
https://www.ft.lk/top-story/CBSL-Governor-dismisses-2028-debt-phobia-ahead-of-key-ISB-investor-call/26-788094
[The Governor of the Central Bank, SL informed the world …]
- Says no basis for fears of another sovereign default or debt restructuring; a sentiment economists share
- Govt. paid $ 2.5 b in external debt service in 2025
- Reserve build-up targeted at $ 8-10 b over next two years against annual debt service of about $ 3.5 b
- Finance Ministry to brief Bondholders on debt position and fiscal outlook on 11 February
CBSL Governor Dr. Nandalal Weerasinghe
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Sri Lanka will not face another sovereign debt crisis and will commence repayment of its restructured external debt as scheduled, Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe said, dismissing what he described as unfounded fears of a renewed default around 2028.
Speaking at an event organised by The Ceylon Chamber of Commerce, the Governor rejected claims that the Government and the CBSL would be unable to meet upcoming debt service obligations, warning that such narratives risk undermining investor confidence at a sensitive juncture in Sri Lanka’s post-crisis recovery.
“I don’t see any reason even talking about any restructuring or another default. That is a completely misguided misperception. That creates unnecessary doubt among investors and countries that are willing to lend to Sri Lanka,” he said.
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