China approves US$1.5bn dollar swap with Sri Lanka
Posted on March 11th, 2021
Courtesy NewsIn.Asia
Colombo, March 11 (Economy Next): The People’s Bank of China has confirmed that a 1.5 billion dollar equivalent swap arrangement had been approved, State Minister for Capital Markets and Money, Nivard Cabraal said.
He said Sri Lanka could draw down the swap at any time but it will be kept as a buffer.
March 12th, 2021 at 3:31 pm
Why are we in a such a hurry to borrow such a large sum?