SL’s loan paybacks will amount to over US $ 15,386.8 mn


The total amount to be paid back at the end of the period of loans obtained by Sri Lanka during last 15 years to countries and institutions amounts to US $ 15,386.8 million (over two trillion rupees), the Sri Lankan Parliament was told yesterday.

Sri Lanka’s International Monetary Cooperation Minister Dr Sarath Amunugama said Sri Lanka during the last 15 years had obtained loans from China, the US, India, IMF, World Bank, ADB, and the JBIC.

The amounts to be paid back is as follows: China US $ 4,901.6 million for obtaining loans amounting to US $ 2,962.2 million, the USA a sum of US $ 86.1 million for obtaining loans of US $ 33 million, India a sum of US $ 982.4 million for obtaining loans of US $ 864.8 million, the IMF a sum of US $ 2,452 million for obtaining loans of US $ 2,197 million, the World Bank a sum of 2,303 million for obtaining US $ 1,784.3 million, the ADB a sum of US $ 4,642.7 million for obtaining US $ 3,352.9 million and the Japan Bank of International Cooperation (JBIC) a sum of US $ 19 million for obtaining US $ 11.4 million.

During the same period Sri Lanka has obtained grants amounting to US S 1,132.4 million for which the country does not have to pay back, the minister said.

The minister said this in response to a question raised by UNP Colombo District MP Ravi Karunanayke.


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