Sri Lanka to borrow $350mn from Türk Exim Bank

ECONOMYNEXT – Türk Exim Bank will give a $350 million loan to the Sri Lankan government under a deal to be signed between Sri Lanka and Turkey to enhance relations through financial cooperation, Foreign Minister Mangala Samaraweera said. 

The announcement was made after talks with visiting Turkish Foreign Affairs Minister Mevlüt ÇavuÅŸoÄŸlu.

“Economic and technical cooperation between the two countries have been strengthened by the signing of the Agreement on Economic and Technical Cooperation, which came into effect in 2007,” Samaraweera said in a statement.

“We will soon hold the second meeting of the Sri Lanka-Turkey Joint Committee on Economic and Technical Cooperation.”
ÇavuÅŸoÄŸlu said President Recep Tayyip ErdoÄŸan of the Republic of Turkey would pay a state visit to Sri Lanka this year.
(COLOMBO, June 15, 2016)

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