Sri Lanka inks Rs. 61.5 billion Term Facility with China Development Bank

On Aug 17, 2021

Sri Lanka has inked a deal for a 2 billion Renminbi term loan (approximately Rs 61.5 Billion) today, the Chinese Embassy in Colombo said in a Twitter message.

“China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today (17 Aug), upon a request from Sri Lankan side to support its #COVID19 response, economic revival, financial stability and livelihood betterment,” the Embassy Tweeted.