Published On: Fri, Jul 7th, 2017

75 million Dollers IDA loan to modernize financial sector

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Discussions with the World Bank’s International Development Association (IDA) for a financial sector modernization program have been discussed at a meeting held in Colombo.

In the World Bank’s proposed projections for the 17th quarter of the 17th quarter, the annual interest rate of 3.20% at the time the relevant negotiating conventions had been revised to 3.36%, with special rates of excise duty equal to US $ 75 million at a new interest rate The International Development Association (IDA) of the World Bank has obtained loan agreements with the World Bank for obtaining a loan of 55.4 million SDR (SDR) The Cabinet of Ministers approved the proposal made by Prime Minister Ranil Wickremesinghe as Minister of National Policy and Economic Affairs.

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75 million Dollers IDA loan to modernize financial sector