Nov 02, 2016 (LBO) – Sri Lanka could expect a one billion dollar inflow to the economy in about five months time through the sale of a stake in the Hambantota Port, the Central Bank Governor said on Tuesday.
The equity proceeds of a sale of an 80 percent stake to a Chinese investor could be received in five months, Governor Indrajit Coomaraswamy said.
“The sale of the Hambantota port where the country will get a billion dollar is particularly helpful. This should help to stabilise both the currency and the domestic interest rates,” Coomaraswamy said, adding it would be a boost to foreign reserves.
Prime Minister Ranil Wickremesinghe made the offer during a visit to China in April, to swap equity in Sri Lankan infrastructure projects against debt owed to China of around eight billion dollars.
buy flexeril online buy flexeril online no prescription