The Central Bank of Sri Lanka (CBSL) has revealed the progress made by the Government in securing foreign exchange inflows as announced in the Six-Month Road Map for Ensuring Macroeconomic and Financial System Stability.
Issuing a statement, the bank said together with the Government, it has commenced a series of direct engagements with other Governments, Central Banks, financial institutions, and investors.
Following is the list of investments and loans outlined by the CBSL:
Two transactions involving Chalmers granaries and the property behind the One Galle Face alone amount to around US dollars 200 million, and advance payment is expected shortly. Details of the investment will be announced in the coming weeks.
The US dollars 650 million investment in the West Container terminal by the Indian Adani Group, John Keells Holdings as the Sri Lankan counterparty, and the Sri Lanka Ports Authority has been recently finalized.
The US dollars 250 million inflow in relation to a partial divestment of the West Coast Power Plant to the US New Fortress Energy and the first tranche of the investment is expected in November/December 2021.
Negotiations are also underway to expedite the finalization of foreign currency swap arrangements with neighbouring Central Banks. Specifically, discussions are being held with the Reserve Bank of India, People’s Bank of China, and several Middle Eastern Central Banks.
The Government is processing a US dollar 1.5 billion long-term loan offer from a foreign Government affiliated agency. In response to the requests for proposals (RFPs) for syndicated loan arrangements by the Government, several proposals have also been received, which are being processed at present. (NewsWire)
