Indian media reports that the Minister of Finance Basil Rajapaksa is scheduled to pay a visit to India. According to those reports, Rajapaksa is scheduled to leave for India today.
In addition to the US $ 500 million loan agreed upon by India, another $ 1 billion loan has been requested from India and the purpose of Basil Rajapaksa’s visit to India is to hold relevant discussions. Rajapaksa had earlier held an online discussion with Indian Foreign Minister S. Jaishankar in this regard.
Faced with a major financial crisis, Sri Lanka has been unable to import essential commodities including fuel, gas, pharmaceuticals, food and has recently obtained credit and exchange facilities from several countries, including India, China and Bangladesh.
Sri Lanka has requested this $ 1 billion loan to import essential commodities including fuel, food and medicine.
