Assistance comes after $ 1.4 billion support since January 2022
India on Thursday extended a $1 billion credit facility to Sri Lanka to assist the island nation through its worst foreign exchange crisis and enable it to procure food, medicines and other essential items.
An agreement to this effect was signed between the State Bank of India and the Government of Sri Lanka on Thursday, during a visit of the country’s Finance Minister Basil Rajapaksa to New Delhi.