Finance Minister to soon leave for India to sign agreement for US$ 01 bn facility

Date:

Finance Minister Basil Rajapaksa is set to leave for India within the next two weeks to sign the final agreement for a fiscal facility of US$ 01 billion, revealed Foreign Minister G.L. Peiris, speaking to media in Anuradhapura yesterday (13).

“Honourable Finance Minister Basil Rajapaksa went to India and held discussions. They turned out to be very fruitful for Sri Lanka. Mr. Basil Rajapaksa laid foundation to being received a fiscal facility of about US$ 2.4 billion from India,” Peiris said.

The Foreign Minister added: “From it, first we are about to receive US$ 01 billion; for food and medicine. Mr. Basil Rajapaksa, I think, expects to leave for New Delhi within the next two weeks to sign the final agreement in this regard. All of these reveal the success of our foreign policy, that we are not isolated in these problems.”

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

From Megaphones to Motorcades: Can AKD Deliver the ‘New’ Sri Lanka?

By Faraz Shauketaly This morning taking a long, hard look...

Unified Brand, Rising Revenues, But Can Tourism Deliver?

Sri Lanka’s tourism sector is once again being presented...

Official Creditor Committee Clears SriLankan Airlines Debt Deal, Risks Remain

Sri Lanka has crossed another sensitive checkpoint in its...

GovPay’s Digital Gains Buffer Fiscal Strain after Cyclone

As Sri Lanka grapples with rising public expenditure following...