FILE PHOTO: People walk past the main entrance of the Sri Lanka’s Central Bank in Colombo, Sri Lanka March 24, 2017. REUTERS/Dinuka Liyanawatte
February 9, 2022
COLOMBO (Reuters) – Sri Lanka’s central bank on Wednesday said claims the country is on the verge of a sovereign default were “totally unsubstantiated”.
Sri Lanka is facing its worst financial crisis in decades, and foreign exchange reserves have fallen to $2.36 billion, according to Central Bank of Sri Lanka (CBSL) data.
“The Government and the CBSL are committed to honour all forthcoming debt obligations,” the central bank said in a press release on Wednesday.
(Reporting by Devjyot Ghoshal; Editing by Tom Hogue)
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