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Sri Lanka to receive $1 billion Bank of China loan this quarter
Sri Lanka to receive $1 billion Bank of China loan this quarter
Sri Lanka to receive $1 billion Bank of China loan this quarter

Sri Lanka will receive a loan of $1 billion from Bank of China before the end of the January-March quarter, the chief of the central bank said on Thursday, to help the country meet repayments in the coming months. Sri Lanka is struggling to repay its foreign loans, with a record $5.9 billion due this year including $2.6 billion in the first three months. The…

Reuters - Jan 17 19:50 GMT - more ... [ Tags: World, Economy, China ]

Sri Lanka struggles to repay record foreign debt: PM
Sri Lanka struggles to repay record foreign debt: PM
Sri Lanka struggles to repay record foreign debt: PM

Sri Lanka's prime minister said Thursday (Jan 10) the country was struggling to pay back its ballooning foreign debt, blaming a recent political crisis for dealing a "death blow" to the economy. Ranil Wickremesinghe said his government was scrambling to raise US$1.9 billion to help service a first debt payment of US$2.6 billion, that is due on Monday.

AFP - Jan 10 20:28 GMT - more ... [ Tags: World, Economy, China ]

Related:
  - Lanka's Central Bank gets USD 400 million swap from RBI - PTI
Gary Anandasangaree
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