<h1>South Asian country secures USD 3.3 billion in Chinese bank loans to boost foreign exchange reserves</h1> A South Asian country is working to secure USD 3.3 billion in loans from Chinese banks through two separate arrangements: a USD 2 billion syndicated loan from a consortium of Chinese banks for three years, and a USD 1.3 billion refinancing of a commercial loan from a major Chinese bank. The deal is expected to be finalized by the end of June 2025, potentially raising the country's foreign exchange reserves from USD 11.7 billion to over USD 14 billion. Government officials confirmed ongoing negotiations with Chinese counterparts to finalize the loan modalities. The Prime Minister expressed appreciation for China's financial support in stabilizing the economy and reaffirmed commitment to bilateral economic projects.