Question
Recently India has decided to give an additional loan
of what amount to Sri Lanka as financial aid?Solution
â—ŹIndia will provide an additional $500 million financial aid to help the Sri Lanka to buy fuel. â—ŹThis is the second $500 million in gasoline credit that India has given to a Sri Lankan government. â—ŹIndia has supplied approximately 400,000 tonnes of petroleum so far to Sri Lanka. â—ŹIndia has also extended two credit lines worth over $2 billion to help buy food - rice has already been sent - medicines and other essentials. â—ŹÂ Bangladesh was also willing to postpone $450 million in swap repayments to ease Sri Lanka burden. â—ŹSri Lankan Foreign Minister GL Peiris said, "Assistance by the IMF will take about six months to come to us and it will come in tranches,".
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