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ECONOMYNEXT – Sri Lanka has been promised 100 million US {dollars} from China’s Asian Infrastructure Funding Financial institution following a dialogue with the lender’s President Jin Liqun and Finance Minister Ali Sabry, an announcement mentioned.
“A dialogue was held relating to speedy emergency assist to Sri Lanka and Mr. Liqun said that in AIIB was contemplating the granting of USD 100 million to Sri Lanka in precept and he’ll talk about it additional with the Board,” the Finance Ministry mentioned.
Sri Lanka had additionally sought foreign exchange foreign exchange liquidity assist for state banks from AIIB.
“A dialogue was additionally held relating to medium to long run assist to Sri Lanka.”
Minister Sabry had earlier mentioned Sri Lanka was in talks with the AIIB for 160 million US {dollars} in credit. (Colombo/May08/2022)
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