Crisis-hit Sri Lanka gets $55mn credit line from India
MG News | June 07, 2022 at 09:58 AM GMT+05:00
June 07, 2022: Sri Lanka's cabinet has approved a $55-million credit line from India's Exim Bank for the crisis-stricken Indian Ocean nation to buy fertilisers, a cabinet spokesman said on Tuesday.
The country of 22 million is suffering its worst economic crisis in seven decades, battling a shortage of foreign exchange that has stalled imports of essential items such as fuel, medicine and fertilisers.
Reuters
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