Saturday, September 26, 2020

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

Sri Lanka owes about $960 million to India and earlier this year India agreed to a $400 million currency swap facility for Sri Lanka until November 2022. An additional request for a bilateral currency swap arrangement worth around $1 billion by the Sri Lankan side remains under discussion.

from Economy-News-Economic Times https://ift.tt/332klMY

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