Sri Lanka receives Rs. 61.5 bn loan from Chinese bank

The Government of Sri Lanka has signed a deal with China Development Bank for a 61.5 billion term loan today China’s Embassy in Sri Lanka tweeted.

“China Development Bank and Sri Lankan Government have entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today (17 Aug), upon a request from side to support its COVID-19 response, economic revival, financial stability and livelihood betterment,” Chinese Embassy said.

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