News

President calls on international lending agencies to grant debt moratorium

President Gotabaya Rajapaksa has requested international lending agencies to provide a debt moratorium or debt deferment facility to all vulnerable developing nations fighting the coronavirus pandemic, the President’s Media Division (PMD) said in a press statement.

President has urged Director General of the World Health Organization to forward this request to multi-lateral and bilateral lending agencies.

President has pointed out that the relief would be helpful to manage COVID-19 Social Distancing, Public Health and Social Security Systems in virus hit countries.

Sri Lanka’s external debt repayments for 2020 stand at 4.8 billion US dollars.