ECONOMYNEXT – Sri Lanka should consider issuing debt with climate clauses that suspend debt service when natural disasters take place, Centre for a Smart Future, a Colombo-based think has suggested in the wake of Cyclone Ditwah. While Sri Lanka’s immediate pathway may be more or less locked in under the IMF programme, the post-cyclone reality has underscored an unavoidable truth: any future debt arrangements Sri Lanka enters must incorporate mechanisms that provide flexibility when climate shocks strike. “As Sri Lanka plans its gradual return to international capital markets post-restructuring, we must recognise the need for future debt instruments to incorporate…
Sri Lanka should sell debt with disaster clauses : think tank
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