Govt. says import restrictions imposed to honour debt repayments will pay off in long-term
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Sri Lanka, Sept. 17 -- By Nishel Fernando
The government expects the "tough" decision to honour the country's external debt servicing commitments imposing import restrictions, which has come at the expense of living standards of the people amid a shortfall in foreign inflows due to the COVID pandemic, would be recognised by the international community including international markets.
"We would be holding out to the rest of the world as a government and country that has honoured its commitments. We took the call for the long-term, and that is the message that we want to convey, because when international markets are deprived of their overall ability to function normally, they react even later," State Minister of Money and Capital Market ...
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