ECONOMYNEXT – Sri Lanka’s government will make payments on the letters of comfort and Treasury guarantees issued to state owned enterprises which have defaulted on loans taken from state banks, according to a budget for 2026. “Treasury guarantees or letters of Comfort have been issued to state banks for the state-owned enterprises to obtain loans,” the budget said. “Due to long term losses and financial crises, such enterprises are unable to repay these loans. These obligations which will be in effect until 31.12.2026 will be settled during this year considering as an urgent need.” There was no number given in…
Sri Lanka tax payers to pay up on billions of defaulted SOE loans guaranteed by Treasury
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