Concessions to be offered on loans granted during Mahinda era?

Oct 03, 2016

A special attention has been drawn for the loans granted during the era of former president Mahinda Rajapaksa from the year 2005 amounting to rupees  billion 42,300.The  government has been informed of the ability to get concessions had been  discussed by the  authorities of World Bank and a number of foreign countries.

This decision had been arrived as a result of a special discussion after the Minister of Finance Ravi Karunanayake has had talks with the related authorities of the Embassies of America, Germany ,France and a Directness of the World Bank had  at the finance ministry on the 27th instant.
 
In this regard it had been proposed to waive off some parts of loans or to extend the duration of the loans or what other reliefs could be granted. During this special discussion details of the proposed budget too had been extensively discussed.