The Export-Import Bank of India (EXIM) will provide the credit line for purchasing petroleum products, India’s High Commission in Sri Lanka’s main city Colombo said on Twitter.
Reuters
February 02, 2022 / 06:13 PM IST
Sri Lanka signed a $ 500 million credit line with India to import fuel on Wednesday, officials said, as the island nation seeks to stave off rolling power cuts amid a foreign exchange crisis that has hampered purchases of diesel for power plants.
The Export-Import Bank of India (EXIM) will provide the credit line for purchasing petroleum products, India’s High Commission in Sri Lanka’s main city Colombo said on Twitter.
`); } if (res.stay_updated) { $ (“.stay-updated-ajax”).html(res.stay_updated); } } catch (error) { console.log(‘Error in video’, error); } } }) }, 8000); })
