The proposed US $ 1 billion loan to be obtained from China will be utilised to settle the previous loans from the Chinese banks,
Source :- https://www.dailymirror.lk/top_story/US-1Bn-loan-from-China-to-settle-previous-loans/155-233843
Source :- https://www.dailymirror.lk/top_story/US-1Bn-loan-from-China-to-settle-previous-loans/155-233843
