President Ranil Wickremesinghe said Sri Lanka will no longer be declared a bankrupt nation in the next few days.
The President said with the IMF assistance
The LKR will gradually come down to 200 or 185.
“We will no longer be declared a bankrupt Nation, but a Nation that can restructure its debts. That will happen in the next few days. So like the Captain of the Royal Team, I also have to perform the same function. How do we turn this economy around? The results of the IMF Board of Directors only give us a breathing space where they will say that we are no longer bankrupt and we can restructure the debt. So all the money we have to pay this year, I hope we will be given at least ten more years to repay it,” the President said.