Colombo, Oct. 7 (Daily Mirror) – The State Debt Management Office has informed the Committee on Public Finance (CoPF) that Sri Lanka has still to repay foreign loans amounting to USD 37 billion and domestic loans totalling Rs. 19.6 trillion.
Officials the from the State Debt Management Office revealed this after they were summoned before the CoPF to discuss the current amounts of foreign and domestic loans obtained by Sri Lanka.
Committee Chair Dr. Harsha De Silva inquired about the amount of loan installments payable this year, but expressed dissatisfaction with the officials’ inability to provide the exact figures at the time of the meeting.
He reminded the committee of the importance of hiring skilled personnel within the State Debt Management Office to manage the loan acquisition processes effectively, as these are currently managed solely by that office.
