S’pore citizen issued bonds to repay loans taken by US citizen: Harsha

20 Mar 2015 - {{hitsCtrl.values.hits}}

The Government had to go in for a bond issue to generate funds to repay the loans obtained by the previous regime, Policy Planning Deputy Minister Harsha De Silva told Parliament today.

"The Central Bank Vovernor a Singapore citizen had to sell the bond to generate funds to repay the loans generated by an American Citizen," he said in response to a question asked by opposition MP Lalith Dissanayake.

Dr de Silva mentioned that Central Bank Governor Arjuna Mahendran had not obtained Sri Lankan citizenship but hoped to do so soon.

Mr Dissanayake asked what the government intended doing with the Central Bank Governor whose action had resulted in Sri Lanka losing millions of rupees.

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S’pore citizen issued bonds to repay loans taken by US citizen: Harsha

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