Another consignment of 40,000 MT of diesel under Indian assistance through Line of Credit of US$500 million reached to Sri Lanka. So far a total of close to 400,000 MT of various types of fuel have been delivered with Indian assistance in two months.
The Export Import Bank of India and the Government of Sri Lanka signed a US$ 500 million Line of Credit Agreement for purchase of petroleum products on 2 February 2022.
India had provided financial assistance to Sri Lanka that included a credit swap of US$ 400 million and deferment of an Asian Clearing Union payment of over US$ 515 million. In cumulative terms, Indian support to the people of Sri Lanka in the first quarter of 2022 is in excess of US$ 2.5 billion.
Earlier, on 23 March, Sri Lankan Prime Minister Mahinda Rajapaksa thanked Prime Minister Narendra Modi for the recent Indian economic development assistance and credit facilities to Sri Lanka and said he expected the Indian Government would pay special attention to Sri Lanka’s development in the future as well.
