Concession period for Indian loan ends next month!

He said the loan was due in January 2022 but the Indian government had granted a concession period.

At the present, the government has US $ 700 million in foreign exchange reserves, which is enough to import two and a half weeks’ worth of essential commodities, he said.

Dr. Harsha de Silva also points out that this is the lowest on record in history.

He also said that paying $ 515 million next month will be a serious issue for the country.

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