Sri Lanka seeks to increase swap amount to $1 billion from RBI
- By Reuters |
- Jan 15, 2019
- Last Updated at 19:43 IST
NEW DELHI - Sri Lanka has begun talks with the Reserve Bank of India (RBI) to increase its swap amount to $1 billion, the acting finance minister said on Tuesday, as it struggles with the rising cost of its debt.
Minister of State for Finance Eran Wickramaratne also confirmed a Reuters report that the government was considering a loan offer of $300 million from the Bank of China to help it repay its debt over the next several months.
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