COLOMBO (Reuters) – Sri Lanka’s central bank on Wednesday said claims the country is on the verge of a sovereign default were “totally unsubstantiated”.
Sri Lanka is facing its worst financial crisis in decades, and foreign exchange reserves have fallen to $2.36 billion, according to Central Bank of Sri Lanka (CBSL) data.
“The Government and the CBSL are committed to honour all forthcoming debt obligations,” the central bank said in a press release on Wednesday.
(Reporting by Devjyot Ghoshal; Editing by Tom Hogue)
