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Sri Lanka seeks US$1 billion loan from China as it struggles to recover from Easter ...

WorldNews Thursday, 20 June 2019
Sri Lanka seeks US$1 billion loan from China as it struggles to recover from Easter ...Sri Lanka is seeking a loan of nearly US$1 billion from China for energy and motorways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said on Thursday.Talks are underway with China’s Asian Infrastructure Investment Bank (AIIB) to raise the new loan in addition to the US$1.2 billion obtained from international agencies this year, the ministry said.“We have been discussing with the AIIB to obtain nearly an additional US$1,000 million for further… ......
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