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

Sony International Issues Cease and Desist Notice on Sri Lankan Broadcaster

Sony International Issues Cease and Desist Notice on Sri Lankan Broadcaster

The State Banks: Is Financial Gain the Only Requirement?

The State Banks: Is Financial gain the only requirement?

Police Launch Special Unit to Manage Flood and Storm Response

Police Launch Special Unit to Manage Flood and Storm Response

Western Province Warned of Possible Water Cuts as Kelani River Continues to Rise

Western Province Warned of Possible Water Cuts as Kelani River Continues to Rise