COLOMBO: Sri Lanka’s foreign reserves including gold reserves has now reached US$ 7.3 billion Finance Minister Ravi Karunanayake said here the other day.
He said there was a misunderstanding in this regard and he wanted to clear this. The Minister also said the rupee too is now stable and there is no pressure on it and the fact that they have an Indian currency swap at their disposal too will help to maintain this. Commenting on President Maithripala Sirisena’s tour to China today he said that the Port City project will be top in the agenda. “China has so far lent US$ 5.3 billion as loans for development projects.”
He stressed that they will ask the Chinese government to review some of these contracts which have been signed with Chinese companies in an ad-hoc and non transparent manner.
“We know the Chinese government is not corrupt. But we cannot say the same thing of some of the Chinese companies and Sri Lankan counterparts who signed these deals,” he said.
