India has offered a new Line of Credit (LOC) of USD 500 million to Sri Lanka for purchase of petroleum products.
Sri Lanka Bonds Face Turmoil as Focus Shifts to July Payment
Global investors are growing more skeptical that Sri Lanka will be able to repay its long-term debt as the island nation turns to bilateral aid to help it meet obligations. Most Read from …
Chinese Foreign Minister’s travels to the Maldives and Sri Lanka has generated fears of deeper debt entrapment
Chinese Foreign Minister Wang Yi’s island hopping in the Indian Ocean this past week has raised eyebrows, as his visits to the Maldives and Sri Lanka came at a time when the raging Omicron variant of …
Fishing turns into a major diplomatic issue between India, Sri Lanka
The diplomatic relationship between India and Sri Lanka, the two neighbouring countries with several shared cultural ethos and beliefs and economic, social, cultural and business ties is now becoming …
India to extend $1.5 billion lines of credit to Sri Lanka; Jaishankar dials Finance Minister Basit
India will extend $1.5 billion in additional lines of credit to Sri Lanka, Indian External Affairs Minister S Jaishankar confirmed on Saturday, assuring the island country of its continuous “support i …
India to top up $ 900 million aid for Sri Lanka with $1.5 billion bail-out package
External Affairs Minister S Jaishankar on Saturday held talks with Sri Lankan Finance Minister Basil Rajapaksa and discussed joint projects and investments by Indian companies that would strengthen …
India to top up $ 900 million aid for Sri Lanka with $1.5 billion bail-out package
External Affairs Minister S Jaishankar on Saturday held talks with Sri Lankan Finance Minister Basil Rajapaksa and discussed joint projects and investments by Indian companies that would strengthen …
‘India’s $900 aid helped prevent immediate economic crisis’: Sri Lanka’s top economist
India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the island nation. The Indian …
Jaishankar holds talks with Sri Lanka, discusses Indian projects to boost Lankan economy
In a virtual meeting with Sri Lankan Finance Minister Basil Rajapaksa, Jaishankar said that India will take up initiatives with other international partners, to support the island nation …
S Jaishankar holds talks with Lankan minister; discusses India-assisted projects
During the meeting, Jaishankar conveyed that India has always stood with Sri Lanka, and will continue to support that country in all possible ways for …