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Foreign debt payments default will put pressure on banking sector: Sri Lanka’s ex-PM Wickremesinghe

Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government’s temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
Addressing the nation on the eve of the Sinhala and Tamil New Year, Wickremesinghe said, “Sri Lanka is unable to make a USD 200 million loan repayment next week. The gover