Chinese loans will bleed country dry: Harsha de Silva
15/09/2014 
Speaking to ahead of Chinese President Xi Jinping’s visit to Sri Lanka, United National Party (UNP) parliamentarian and leading economist Harsha de Silva revealed that the Government was poised to sign loan agreements –amounting to a staggering US$1.258 billion (or Rs.164 billion) at a high interest rate — with China during its President’s visit. Dr. De Silva highlighted the fact that with our external debt already at a high level, the new loan agreements will place Sri Lanka on the fast-track to disaster.
Q Can you give a background about loans and borrowing trends in Sri Lanka?
