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Alternative sources of financing in place to repay foreign loans

22 Nov 2018

Alternative sources of financing are in place to repay foreign loans, Secretary General and Chief Economist of the National Economic Council (NEC) Lalith Samarakoon said today. Speaking at the weekly post cabinet briefing, Samarakoon said that a buffer fund from proceeds of the divestment of the Hambantota port and a syndicated loan from the  China Development Bank (CDB) will be used to pay the loans. He said that this matter was discussed after the cabinet meeting with President Maithripala Sirisena yesterday.


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