Sri Lanka economic crisis: India has once again expressed its great mind. The island nation, which is reeling under a severe financial crisis, has received a helping hand from Sri Lanka.
Sri Lanka economic crisis: India continues its assistance to the island nation of Sri Lanka (Sri Lanka). India has once again extended a helping hand to Sri Lanka, which is mired in a severe financial crisis. It is ready to provide another $ 500 million credit line for fresh energy imports. This was revealed by the country's Finance Minister Ali Sabri himself. Due to insufficient foreign exchange reserves ... Sri Lanka is facing severe difficulties in importing essentials. Inflation on the island has skyrocketed.
India is working to strengthen Sri Lanka from the current situation. It has already granted large sums of money in the form of credit lines to that country several times. In addition, it postponed the payment date for imports of $ 1.5 billion. In addition to this, India has extended the money transfer period to $ 400 million. The Government of Sri Lanka is in talks with the International Monetary Fund (IMF) about the bailout package. On the other hand, for financial assistance .. the World Bank, China, Japan, such as countries are in talks.
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