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HomeGlobal BusinessCrisis-hit Sri Lanka gets $55mn credit line from India

Crisis-hit Sri Lanka gets $55mn credit line from India

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

Posted on: 2022-06-07T09:58:44+05:00

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