Press briefing of Cabinet Decision taken on 2013-05-21

Memorandum of Understanding between China Development Bank Corporation and the Government of Sri Lanka

 

China Development Bank Corporation is to extend financial assistance in a sum of US $580 million in 2013 for development projects of Sri Lanka. The proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to sign the above Memorandum of Understanding between China Development Bank Corporation and the Ministry of Finance and Planning of Sri Lanka, was approved by the Cabinet.