Sri Lanka to get US$200mn loan from China Development Bank
Mar 24, 2017 14:03 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka is to sign an agreement with China Development Bank to get a loan of 200 million US dollars, Central Bank Governor Indrajit Coomaraswamy said.
The loan is part of government’s fundraising efforts to invest in infrastructure and other development work.
China Development Bank so far has pledged 1.27 billion US dollars to the Sri Lankan government for infrastructure projects, ranging from irrigation and water supply to highways.
This includes 214 million US dollars for the Moragahakanda reservoir project to supply water to parts of the dry zone.
(COLOMBO, March 24, 2017)