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

Elon Musk's Starlink launches satellite internet in Sri Lanka (English)

Elon Musk's Starlink launches satellite internet in Sri Lanka (English)

Sri Lanka to receive 5th IMF tranche following 4th review approval (English)

Foreign university scholarships for A/L top achievers (English)

Cabinet nod to appoint Presidential Investigation Committee to probe irregularities at SriLankan Airlines (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

Immigration Controller General pleads guilty to contempt of court charge (English)

Seat belts mandatory for passengers of all vehicles on expressways from September (English)