Sunday, October 1, 2023

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India offers US$ 500 million debt to purchase fuel

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.


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