External debt suspension, 12 April 2022

Details

Date: 12 April 2022
Announced: By the Finance Ministry, according to Daily Mirror
Debt: About US$51 billion in external debt, according to Daily Mirror
Terms: Creditors were free to capitalise interest payments due from that Tuesday afternoon or to be repaid in rupees, according to Daily Mirror
Appears on: The 2022 economic crisis

Ministry of Finance / Announced / External debt suspension, 12 April 2022
- Reports that the ministry announced it would default on its US$51 billion external debt. The headline calls the move a temporary suspension; the article does not explain the difference.12 Apr 2022 · Daily Mirror (Sri Lanka) · Sri Lanka temporarily suspends foreign debt payments
External debt suspension, 12 April 2022 / Announced in connection with seeking a bailout from / International Monetary Fund
- Ties the default to seeking a bailout from the International Monetary Fund.12 Apr 2022 · Daily Mirror (Sri Lanka) · Sri Lanka temporarily suspends foreign debt payments