India offers US$ 500 million debt to purchase fuel

Date:

India has offered a debt of US$ 500 million to Sri Lanka to purchase the required amounts of fuel to solve the ongoing power crisis in the country.

This has been informed by Indian Foreign Minister S. Jaishankar to his Sri Lankan counterpart G.L. Peiris in writing.

The said debt will be offered to Sri Lanka as a result of the discussions held between Finance Minister Basil Rajapaksa and India’s Foreign Minister recently, according to the Indian High Commission in Sri Lanka.

Sri Lanka is currently suffering from a severe fuel crisis and as a result the supply of uninterrupted power is at risk.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Not Just a Building: Two Years of Changing Lives at Suwa Arana

On a quiet street behind Sri Lanka's national cancer...

Shani Abeysekara Reappointed as Director of CID with Police Commission Approval

Senior Superintendent of Police Shani Abeysekara has been appointed...

Women Tech Trailblazers Shine at SLASSCOM’s Fast Forward 4.0 and Hack Like a Girl 2.0

The Women Technopreneurs Forum (WTech) of SLASSCOM has once...

Sri Lanka’s Exports Surge Past $6.9 Billion in Five Months amid Global Headwinds

Despite mounting global uncertainties, Sri Lanka's export sector has...