SiberNews - Iran lends US$1,500million to Sri Lanka

Iran lends US$1,500million to Sri Lanka

Thursday, 29 November 2007

COLOMBO (SNM) -- Sri Lanka has borrowed US$1, 500 million from Iran to fund "infrastructure projects", government officials said on Wednesday. According to officials 700 million would be used to expand the 50,000 barrels per day Sapugaskanda oil refinery; 450 million would be used for agricultural and irrigation projects; 300 million would be used for housing projects and 150 million (10%) would be used for other purposes. Officials did not elaborate or detail the terms of the credit, other than to say that the loan has to be repaid in 10 years. The loan marks the latest in a flurry of fund raising by Sri Lanka.

On Nov. 16, it borrowed 50 million British pounds (US$104 million) from HSBC on guarantees provided by the British government. On Oct. 24, the central bank sold US$500 million in 5-year sovereign bonds with a coupon (interest rate) of 8.25 percent.

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Sabdy said:

Beg Beg beg beg....that what u singala president know .......what ever you get from begging will be alwaz less then what we tamils fund for the war to support LTTE

2007-11-29 11:29:21

sithira said:

by any means the goverments first priority should be destroy the cannibalistic fascist prabakaran

2007-12-01 04:02:22

kaffir said:

biggest beg we heard after a long time was Praba's scream.....

2007-12-01 09:52:07

Sabdy said:

U stop barking u singala asshole SITHIRA

2007-12-01 15:35:58

AA said:

These Sinhalese couldn't give tamils their land, but selling Sri Lanka to Iran for $1 500 million. Great Job you Sinhalese moron. Now be slave to Iran for your life time. You will end up begging LTTE to rescue you from Iran one day.

Ltte has five times of $ 1500 million - Their net worth is 5000 million Euro. Tough luck Sinhalams.

2007-12-01 21:52:23

kaffir said:

There is no amil land in Sri lanka.... even if the half or may the whole country is destroyed, it will remail as Sri lanka forevere ... Any doubts ..???

2007-12-02 01:19:59

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