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Page 9 - சங்கம் ஆஃப் மருத்துவ வல்லுநர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

South Korea boosts SL economy with USD 500 million low interest loan

In the wake of China granting a USD 500 million loan, the Government of South Korea had agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank), the Finance Ministry said yesterday. Accordingly, the Government of Republic of Korea and the Government of Sri Lanka have agreed to sign a new Framework Arrangement for the period of 2020-2022 to obtain loans through EDCF up to an aggregate commitment amount of USD 500 million to finance projects mutually agreed. The loan interest rate on this concessional loan is about as low as 0.15% -0.20% and the loan has a repayment period of about 40 years with a grace period of 10 years, a statement from the ministry said.

LEN - www lankaenews com | Battle Against COVID 19 - Are we at a

-Association of Medical Specialists His exellency Gotabhaya Rajapaksha, As medical specialists serving in the frontline of the fight against Covid-19, we strongly believe that Sri Lanka is at a critical stage. Number of new cases keep rising continuously. During last week, the daily number of declared new infections have consistently been over 1800, and went above 2500 during the last 24 hours. The number of Covid related deaths too have been increasing steadily with daily counts of approximately 20, even after a questionable exclusion of those with co-morbid itie s. We should appreciate at least three times the reported number of new cases do exist in the community.

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