Sri Lanka in talks with RBI to increase swap amount to USD 1 bn

Sri Lanka has begun talks with India's central bank to increase its swap amount to $1 billion, the acting finance minister said on Tuesday, as it struggles with the rising cost of its debt. Minister of State for Finance Eran Wickremeratne also confirmed a Reuters report that the government was considering a loan offer of $300 million from the Bank of China to help it repay its debt over the next several months.