Sri Lanka signs US $1 billion credit line with India

Sri Lanka signed a USD $ 1 billion credit line with India last week, for the supply of essential goods to alleviate the shortages of fuel, food and medicine.
Following discussions with the Sri Lankan Minister of Finance Basil Rajapaksa, India's Ministry of Finance announced that an agreement was signed between the state bank of India (SBI) and the Government of Sri Lankan for a USD $1 billion credit facility. The credit line is set to be used for the purchase of food, medicine and other essential items.






Sri Lanka's cabinet of ministers approved a proposal to issue death or missing person certificates to disappeared persons and pay a 100,000 LKR one time allowance to their next of kin.