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Oral Question Answers 0584-10 - 24th August 2011

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Question No                                     :  0584/10
Ministry                                              :  Ministry of Finance & Planning
Name of the Member of
Parliament asking Question        :  Hon. Ravi Karunanayake
Date of which the Question
To be asked                                      :  24.08.2011


(a)    (i)    The renewal granted on the grace period and payback of loans taken from the
multilateral agencies and friendly countries on bilateral basis for last four years;

There is no renewal granted on the grace period and payback of loans taken from multilateral agencies and friendly countries on bilateral basis for last four years.
(ii)    As to when such facilities were granted;
Does not arise.
(iii)    The purpose it was given for;
Does not arise.
(iv)    Whether there is any Initiation Fee, Commitment Fee, Management Fee or Administration Fee, Insurance Premium, and or any other costs in different names pertaining to the aforesaid loans;

A cost has been bared for above mentioned fees and charges for the loans taken on bilateral basis and multilateral agencies for last four years.
(v)    Whether they are one off payments or annual payments;
Yes.
(vi)    The total amounts to be paid per year on aforesaid costs per year which impacts on the country as a cost factor;

The total amounts to be paid per year on aforesaid costs per year is Rs.3,906,490,957 (in other words, Rs.3,906.5 million).
(b)    Does not arise.