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Sri Lanka seeks to increase swap amount to $1 b from India Central Bank


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NEW DELHI, REUTERS: Sri Lanka has begun talks with India’s Central Bank to increase its swap amount to $ 1 billion, the acting Finance Minister said yesterday, as it struggles with the rising cost of its debt. 

State Minister for Finance Eran Wickramaratne also confirmed a Reuters report that the Government was considering a loan offer of $ 300 million from the Bank of China to help it repay its debt over the next several months. 

 

Sri Lanka says has $300 m loan offer from Bank of China, may increase to $1 b

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