Sri Lanka, March 30 -- By Nishel Fernando
The government has so far raised Rs.311 billion to fulfil over Rs.2 trillion debt servicing obligations for this year, which includes US$ 4.5 billion in foreign debt servicing obligations.
"The foreign debt servicing in 2020 alone amounts to US$ 4.5 billion and of which US$ 2.8 billion is required for the first half of 2020.
The government raised almost Rs.311 billion (over US$1.6 billion) through treasury bills, bonds, SLDB's and Foreign Currency Banking Unit (FCBU) loans during this period in 2020," the Finance Ministry's Economic and Policy Development said in the Pre-election Budgetary Position Report 2020 released recently.
Sri Lanka a couple of weeks ago received US$ 500 million from China...