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கடன் சார்ந்த செலவீனங்களின் அழுத்தம் அதிகரிப்பு

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Debt service burden on the rise

Courtesy: The Daily Mirror - December 26, 2006

The debt service burden of the country is on the rise due to a host of factors and is causing implications.

It is estimated of the total US$ 935 million in foreign currency borrowing from domestic banks and local investors during 2004-5, about US$ 780 million will need to be repaid in 2006, according to International Monetary Fund (IMF) sources. Of this liability US$ 300 million is due in the last quarter. The rising debt service burden is partly because of the expiration of the Paris Club moratorium.

In view of this the Government has resorted to foreign currency borrowing from domestic banks and issuance of domestic dollar denominated bonds to buffer the balance of payments.

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http://www.tamilcanadian.com/page.php?cat=133&id=4687

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