Ajith Nivard Cabraal: ISB debt

Abstract

PARTLY TRUE: As of now (February 2021), the total ISBs outstanding is USD 14 billion, which is only 16.7 percent of Sri Lanka’s total debt. None of the other creditors who hold 83.3 percent of Sri Lanka’s debt seem to show any sign of concern or stress about its repayment ability. We have to repay only around USD 1.0 to 1.5 billion each year until 2029 in its ISB amortisations for the next eight years… - Ajith Nivard Cabraal, Sunday Observer, 28 February 2021