COLOMBO : Sri Lanka's cabinet has approved loan repayments worth $2.6 billion in the first half of this year, in line with its debt suspension plans, its cabinet spokesperson said on Tuesday.The island of 22 million people is tangled in the worst financial crisis in over seven decades, triggered by a seve
COLOMBO : Sri Lanka's cabinet has approved loan repayments worth $2.6 billion in the first half of this year, in line with its debt suspension plans, its cabinet spokesperson said on Tuesday.
However, Sri Lanka will continue to repay multilateral loans from several organisations including the World Bank and Asian Development Bank, cabinet spokersperson and Transport Minister Bandula Gunawardana told reporters. Repayments will also include $709 million in dollar-denominated Sri Lanka Development Bonds and $46 million in interest payments, Gunewardana added.
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