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Bank of China pledges 1 billion USD loan for Sri Lanka for loan repayments
$1M
USD
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Government of Sri Lanka |
| Country | Sri Lanka |
| Start Date | Jan 17, 2019 |
| End Date | Apr 16, 2033 |
| Duration | 5,203 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 54419 |
Grant Description
Bank of China pledges 1 billion USD loan for Sri Lanka for loan repayments On January 17, 2019, Reuters reported that the central bank of Sri Lanka said the Bank of China would loan 1 billion USD for loan repayments by the first quarter of 2019.
📋 Loan / Grant Terms
💰 Loan Amountthe total amount is reported as 5
The loan was originally expected to be finalized by the end of January 2019, with the remaining 700 million USD finalized before the end of March 2019. In February 2019, it was reported that the loan would be delayed. To date, there has been no update on the details of this loan.
Sources & References
- Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter
- Bank of China offers $300m loan to Sri Lanka
- Sri Lanka to tap bond market for $2 bln after Chinese loan delay
- Exclusive: Sri Lanka to receive $1 billion Bank of China loan this quarter
- Sri Lanka to receive $1 billion loan from China to pay off debts
- People and markets news in brief: January 24, 2019
- Sri Lanka meltdown exposes China loan policy: 5 things to know
- Exclusive - Sri Lanka to receive Bank of China's $1 billion sovereign loan by March quarter Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Sri Lanka
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Start Year
2019
End Year
2033
Grantees
1
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