Bank of China Offers Sri Lanka $300 Million Loan: Reuters

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By Tanner Brown / Jan 15, 2019 03:01 PM / World

Sri Lankan President Maithripala Sirisena. Photo: VCG

Bank of China has offered to loan Sri Lanka $300 million, Reuters reported Tuesday, because of what one source said was the country’s “difficulty in borrowing money after recent ratings downgrades.”

The report, which cited an anonymous source from Colombo, said the loan amount could be raised to $1 billion.

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