Fresh Chinese loans set to plunge Sri Lanka further into debt
Sri Lanka is preparing to accept further Chinese loans later this year, which may push Colombo further into debt reports the Economic Times.
The ET reports that the Central Bank of Sri Lanka is currently working with the People's Bank of China, to issue the equivalent of $250 million worth of yuan-denominated Panda bonds by the final quarter of 2018. The fresh loan will add to the recently secured a $1 billion syndicated loan from China Development Bank.


