No problem in forex debt repayments by 2028-Governor View(s):Central Bank Governor Dr Nandalal Weerasinghe this week allayed fears in Sri Lanka, which he blamed on the media, about the foreign debt repayment schedule being affected. “There is no repayment problem as projected in the media. In his annual interaction with senior editors, Dr. Weerasinghe said the authorities plan to renegotiate the targets set in the ongoing International Monetary Fund (IMF) programme, in the context of the cyclone and set new targets. “The problem is that because its cheap credit, businesses borrow for unnecessary purchases like vehicles and then default in payment. We have seen this happening in the past when small tourist businesses collapsed.

Source: Sunday Times January 18, 2026 01:33 UTC