"Agreement was signed between SBI and Government of Sri Lanka for USD 1 billion credit facility for procurement of food, medicine and other essential items to Sri Lanka," the ministry said in another tweet.
The finance ministry on Thursday said the State Bank of India (SBI) will provide USD 1 billion credit facility to Sri Lanka for procurement of food, medicines and other essential items. The ministry in a tweet said Finance Minister Nirmala Sitharaman and External Affairs Minister S Jaishankar met Sri Lankan Finance Minister Basil Rajapaksa.
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Union Finance Minister Smt. @nsitharaman and Union External Affairs Minister Shri @DrSJaishankar met Sri Lanka Finance Minister Mr. Basil Rajapaksa in New Delhi today. The Ministers discussed wide ranging issues of #MutualInterest and #EconomicCooperation. (1/2) pic.twitter.com/Mcy2ppmdxz— Ministry of Finance (@FinMinIndia) March 17, 2022
The ministers discussed wide-ranging issues, it added. "Agreement was signed between SBI and Government of Sri Lanka for USD 1 billion credit facility for procurement of food, medicine and other essential items to Sri Lanka," the ministry said in another tweet.
Earlier, the Export-Import Bank of India (Exim Bank) had extended a line of credit of USD 500 million for financing the purchase of petroleum products to Sri Lanka which is facing a financial crisis.
First Published: Mar 17, 2022 10:05 PM IST
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