Sri Lanka receives a US$1 billion line of credit from India to assist pay for crucial imports
The Indian government has issued a USD 1 billion line of credit (LoC) for Sri Lanka to aid in the import of food, necessary products, and medication. On March 15, 2022, Sri Lankan Finance Minister Basil Rajapaksa will visit India to finalise the agreement. Sri Lanka is currently experiencing a serious economic crisis. India is …












