Question

    Recently India has decided to give an additional loan of what amount  to Sri Lanka as financial aid?

    A $500 million Correct Answer Incorrect Answer
    B $300 million Correct Answer Incorrect Answer
    C $275 million Correct Answer Incorrect Answer
    D $450 million Correct Answer Incorrect Answer
    E $150 million Correct Answer Incorrect Answer

    Solution

    ●India will provide an additional $500 million financial aid to help the Sri Lanka to buy fuel. ●This is the second $500 million in gasoline credit that India has given to a Sri Lankan government. ●India has supplied approximately 400,000 tonnes of petroleum so far to Sri Lanka. ●India has also extended two credit lines worth over $2 billion to help buy food - rice has already been sent - medicines and other essentials. ●  Bangladesh was also willing to postpone $450 million in swap repayments to ease Sri Lanka burden. ●Sri 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,".

    Practice Next

    Relevant for Exams: