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

Sri Lanka’s BIRDS-X DRAGONFLY Nanosatellite Set for September 19 Launch

Sri Lanka's BIRDS-X DRAGONFLY Nanosatellite Set for September 19 Launch

Sinopec Refinery Sparks Concerns over Sri Lanka’s Energy Independence

Sinopec Refinery Sparks Concerns over Sri Lanka’s Energy Independence

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

TAX Revenue Management IT System Flaws Threaten Billions in State Revenue

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal

Spice Import Licenses Spark Fears of Backroom Deals and Industry Betrayal