Bank of China offers $300 million loan to Sri Lanka
The Bank of China has offered a loan of $300 million to Sri Lanka, which could be raised to $1 billion, Sri Lankan Minister Eran Wickramaratne said. The political crisis in Sri Lanka last year triggered by the ouster of Prime Minister Ranil Wickremesinghe adversely affected the country's economy. Sri Lanka faces record high repayments of $5.9 billion this year.