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Last Updated : 2023-03-26 06:52:00
The Cabinet of Ministers has approved a proposal to raise US $ 1.5 billion through a sovereign bond issue to repay loans and manage interest payments.
Sri Lanka estimated the borrowing requirement to cover loan instalments and interest in 2017 is US $ 9.8 billion.
The Central Bank has already announced plans to raise up to US $ 1 billion through a syndicated loan to build the country’s foreign reserves.
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