Sri Lanka to obtain debt from India and Australia ahead of Sinhala and Tamil New Year

Date:

Sri Lanka is set to obtain debt reliefs from India and Australia for the importation of food items for the upcoming Sinhala and Tamil New Year, disclosed Trade Minister Bandula Gunawardena.

Accordingly, discussions have already commenced to obtain a debt facility of US$ 01 billion from India and US$ 200 million from Australia.

Under the debt facility from India, potatoes, onions, dhal and medicines are expected to be purchased and under the debt from Australia, dhal and barley.

The imports backed by these debts will be sufficient for six months and the repayments are to be carried out in monthly instalments, reports added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Govt to distribute sanitary products in schools via certified suppliers to ensure quality and safety

Govt to distribute sanitary products in schools via certified suppliers to ensure quality and safety

Govt defends reintroduction of fuel pricing mechanism amidst financial challenges

Govt defends reintroduction of fuel pricing mechanism amidst financial challenges

Sri Lanka and the Netherlands advance talks on repatriation of colonial-era artefacts

Sri Lanka and the Netherlands advance talks on repatriation of colonial-era artefacts

Financial Mismanagement at Major Newspaper Group Triggers Employee Uprising

Financial Mismanagement at Major Newspaper Group Triggers Employee Uprising