Cabinet approval for $ 1.5 bn worth development bonds

Cabinet has approved the issuance of $1.5 billion worth development bonds for 2017, to strengthen the government’s borrowing programme, an official said yesterday.

"The proposal made by Ravi Karunanayake, minister of finance, to issue Sri Lanka development bonds of US $ 1,5 billion to strengthen the government's borrowing programme for 2017 was approved by the Cabinet of ministers, Cabinet spokesman Gayantha Karunatileka told the media yesterday.

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