India extends $1-bn credit facility for Sri Lanka by one year
India on Tuesday extended by a year a $1-billion credit facility provided to the Sri Lankan government to cope with an economic crisis, with officials saying this was done in response to a request from Colombo. An amendment agreement to extend the credit facility, provided in March 2022 for procuring essential items, was signed in Colombo in the presence of… Continue reading "India extends $1-bn credit facility for Sri Lanka by one year"