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

Wednesday, 16 January 2019 00:06 - - {{hitsCtrl.values.hits}}

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

SL and Philippines to sign 6 MoUs