Thursday, 28 November 2013 - 11:09
Sri Lanka foreign lenders led by China, export credits up
Sri Lanka has 1.9 billion US dollars of new bilateral and multilateral commitments up to September 2013 led by China with export credit from other countries also showing increases.
China has committed 517.9 million US dollars up to September, Japan 421.5 million US dollars, Asian Development Bank 371.2 million US dollars, the World Bank 196.4 million US dollars, the United Kingdom 103.7 million US dollars and USA 64.9 million US dollars.
While Japan, the ADB and World Bank gives long term loans at low interest China gives export credits at semi-commercial terms.