The Central Bank is steaming ahead to raise funds for debt repayments, aiming to raise in excess of $5 billion over the next two months from a range of sources, including currency swaps from India, loans from Chinese banks, an international sovereign bond, lines of credit from State banks, as well as Panda and Samurai bonds, a top official said yesterday. Central Bank Governor Dr. Indrajit Coomaraswamy, speaking at the Ceylon Chamber of Commerce (CCC) 2019 outlook launch, acknowledged the monetary authority was scrambling to raise funds to meet $5.9 billion in debt repayments this year, of which $2.6 billion needs to be met in the first quarter.- Daily Ft

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