India extends USD 900 million facilities to Sri Lanka

India extends USD 900 million facilities to Sri Lanka

January 13, 2022   04:14 pm

The High Commissioner of India to Sri Lanka, calling on Central Bank Governor Ajith Nivard Cabraal, has expressed his country’s strong support to the island nation in the wake of the Reserve Bank of India (RBI) extending over USD 900 million facilities over the last week.

These comprise deferment of Asian Clearing Union settlement of over USD 500 million and currency swap of USD 400 million, the Indian High Commissioner said in a tweet.

The Indian envoy has noted that these steps are in line with India’s strong commitment to stand with Sri Lanka for economic recovery and growth.

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

'We acknowledge past mistakes, but railways show no progress' - Minister Bimal (English)

'We acknowledge past mistakes, but railways show no progress' - Minister Bimal (English)

2026 Appropriation Bill sets total govt expenditure at Rs. 4.43 trillion (English)

Minister Wasantha Samarasinghe's assets under scrutiny (English)

Public consultation on proposed electricity tariff revision to begin today (English)

🔴LIVE | Ada Derana Prime Time News Bulletin

Ada Derana Lunch Time News Bulletin 12.00 pm

President inaugurated resumption of Kadawatha–Mirigama Expressway construction (English)

'Backhoe Saman' & 'Thembili Lahiru' to be detained till Dec. 2 for further questioning (English)