Sri Lanka accuses Hamilton Reserve of exploiting its national crisis

The Sri Lankan government has written to a US judge, requesting the dismissal of a case filed by the Hamilton Reserve Bank against Sri Lanka for defaulting on its debts.
The Sri Lankan government described the case as an “apparent attempt to gain leverage over a nation in crisis and jump ahead of other foreign creditors”.
Sri Lanka was due to pay 5.875% interest on its international sovereign bond on July 25, 2022 but failed to meet these payments due to its ongoing financial crisis.





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