Operational details of USD 1 billion credit line

Date:

In order to strengthen Sri Lanka’s food, health and energy security, the Government of India extended a concessional loan of USD 1 billion to the Government of Sri Lanka, through the State Bank of India, on March 17, 2022. The Facility is operational and food items like rice, red chillies have already been supplied under it. Several other Contracts for supply of sugar, milk powder, wheat, medicines, fuel and industrial raw materials, based on the priorities of the Government and people of Sri Lanka, have been included under the Facility. 

2.     SBI has released details on the operational aspects of the Facility, which is available at the following link: 

https://sbi.co.in/documents/16337/0/060522-Sri+Lanka+USD+1000+mio+facility.pdf/86f4dd1d-2741-e37d-ef88-232c89547f3e?t=1651813727335

Share post:

spot_imgspot_img

Popular

More like this
Related

A Diplomatic Farewell: Julie Chung Prepares to Bid Adieu to Sri Lanka After Four Transformative Years

A Diplomatic Farewell: Julie Chung Prepares to Bid Adieu to Sri Lanka After Four Transformative Years

Spheres of Influence and the New World Order of 2026

The arrest of Venezuelan President Nicolás Maduro by U.S....

Gem Sri Lanka 2026 Set to Shine on Global Stage

Building on the momentum of its first two highly...

Private Sector Pensions on the Table as EPF Faces Overhaul

Sri Lanka’s proposal to transform the Employees’ Provident Fund...