'Sri Lanka to seek fresh $1 billion credit from India to buy essential items'

Sri Lanka is seeking a new temporary credit facility of $1bn from India to purchase essential items such as food and medicine. The nation has already received $333m, the first tranche of its $3bn International Monetary Fund (IMF) bailout package. It is now in talks with Indian officials to secure the new facility, which will help facilitate trade between the two countries.

Mar 27, 2023 - 20:30
'Sri Lanka to seek fresh $1 billion credit from India to buy essential items'
Sri Lanka is seeking a new temporary credit facility of $1bn from India to purchase essential items such as food and medicine. The nation has already received $333m, the first tranche of its $3bn International Monetary Fund (IMF) bailout package. It is now in talks with Indian officials to secure the new facility, which will help facilitate trade between the two countries.