Sri Lankas external debt burden is well known. The country, which came out of a long civil war in 2009, is currently struggling to service an outstanding debt of about $46.6 billion. But more recently, the Central Bank has found a very high level of household debt in the war-affected communities of the north and east where post-war, microfinance companies targeted families with high-interest loans for self-employment. Following a recent visit to the north to further study the problem, Central Bank Governor Indrajit Coomaraswamy spoke to The Hindu on how the apex bank plans to address it.
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