{"id":112903,"date":"2021-03-22T17:46:49","date_gmt":"2021-03-23T00:46:49","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=112903"},"modified":"2021-03-22T17:46:49","modified_gmt":"2021-03-23T00:46:49","slug":"china-in-1-5-billion-swap-deal-as-sri-lanka-seeks-to-shun-imf","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2021\/03\/22\/china-in-1-5-billion-swap-deal-as-sri-lanka-seeks-to-shun-imf\/","title":{"rendered":"China in $1.5 Billion Swap Deal as Sri Lanka Seeks to Shun IMF"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Bloomberg<\/em><\/span><\/h2>\n\n\n<p>(Bloomberg) &#8212; China signed a currency swap agreement with Sri Lanka as the South Asian nation looks to reduce reliance on the International Monetary Fund before $3.7 billion of foreign debt matures this year.<\/p>\n\n\n\n<p>The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People\u2019s Bank of China, Sri Lanka\u2019s monetary authority said in a statement Monday. The agreement is valid for three years.<\/p>\n\n\n\n<p>Faced with low foreign-exchange reserves and looming debt repayments, Sri Lanka is getting closer to China, it\u2019s biggest import partner. More than 22% of the island nation\u2019s foreign purchases were from China last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg (Bloomberg) &#8212; China signed a currency swap agreement with Sri Lanka as the South Asian nation looks to reduce reliance on the International Monetary Fund before $3.7 billion of foreign debt matures this year. The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-112903","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/112903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=112903"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/112903\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=112903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=112903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=112903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}