Sri Lanka to seek fresh USD 1 billion credit from India to buy essential items: reports
Colombo, Mar 27 (PTI) Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday.
Sri Lanka received 333 million dollars, the first tranche of the USD 3 billion International Monetary Fund (IMF) bailout programme last week to overcome its economic crisis and catalyse financial support from other development partners.
The Sri Lankan finance ministry officials held talks with its Indian counterparts to obtain the new temporary USD 1 billion facility for the "purchase of essential foodstuff, medicines and other goods for the country," the state-run Daily News newspaper reported.
