The Governor of the Central Bank said this while speaking in front of the President and heads of media organizations at the Presidential Office.

"Because it is difficult to pay, the debt payment is temporarily stopped and the debt restructuring process is engaged in. The first step in that process is the principal guarantee given by the creditors. The goals necessary for the sustainability of our debt are in the International Monetary Fund's document.

In order to reach that sustainable level, each country has given an assurance that they will support.

It is not the case that we will not borrow or pay again. When we get a loan, we have a responsibility to repay it. Otherwise, no one will give loans again. What happens here is that we cannot afford to pay the debt, so instead of defaulting on the payment, we ask to be given a chance to pay in a concessional way