header logo
Latest
Basil to visit India again to finalize agreements
Feb 13, 202211:31 PM
Basil to visit India again to finalize agreements

Finance Minister Basil Rajapaksa is expected to visit India once again within the next two weeks to finalize the agreements on the financial assistance extended by the neighboring nation. 

 

Speaking to reporters in Anuradhapura, Sri Lanka’s Foreign Minister Prof. G.L. Peiris said that the Finance Minister’s recent visit to India for talks was highly successful and delivered fruitful results for the country. 

 

He said that India’s has pledged USD 2.4 billion in financial assistance to Sri Lanka and that Minister Basil Rajapaksa had created the foundation for this during his last visit. 

 

He said Sri Lanka will first receive a USD one billion loan from India to import goods from the country such as food and medicine. 

 

Prof. Peiris said finance minister Rajapaksa will travel to New Delhi once again within the next two weeks or so in order to sign the final agreement on that loan. 

 

“This all goes to show that due to the success of our foreign policy, we will not be isolated when facing these problems,” he added. 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Colombo streets illuminated with lanterns and pandols  as Sri Lankans celebrated Vesak festival

Colombo streets illuminated with lanterns and pandols as Sri Lankans celebrated Vesak festival

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

Derana’s 24-hour ‘Vesak Dansala’ concludes successfully; 40,000 devotees participate in the event

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

“SL must be prepared to implement reforms”; GSP+ facility key for exporters to access EU market

Lassana Flora