Sri Lanka decides not to obtain foreign loans for projects

Sri Lanka decides not to obtain foreign loans for projects

December 1, 2020   05:30 pm

-

The Cabinet and the government have decided that Sri Lanka will no longer obtain foreign loans to implement projects, says Co-Cabinet Spokesman Minister Keheliya Rambukwella.

He mentioned during the online press conference held to inform Cabinet decisions, earlier today (01).

The Minister said that in the future, the government will use Build–operate–transfer (BOT), Build Own Operate (BOO), and Public-Private Partnership (PPP) approaches or foreign investments for projects.

Rambukwella added that if Sri Lanka continues to obtain more loans, it will exceed the country’s Gross Domestic Product (GDP).

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories