Home News SBI to supply $1 bn credit score line to Sri Lanka for meals, different necessities

SBI to supply $1 bn credit score line to Sri Lanka for meals, different necessities

SBI to supply $1 bn credit score line to Sri Lanka for meals, different necessities

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The finance ministry on Thursday stated State Financial institution of India (SBI) will present USD 1 billion credit score facility to Sri Lanka for procurement of meals, medicines and different important objects.

The ministry in a tweet stated Finance Minister Nirmala Sitharaman and Exterior Affairs Minister S Jaishankar met Sri Lankan Finance Minister Basil Rajapaksa right here.

The ministers mentioned broad ranging points, it added. “Settlement was signed between SBI and Authorities of Sri Lanka for USD 1 billion credit score facility for procurement of meals, medication and different important objects to Sri Lanka,” the ministry stated in one other tweet.

Earlier, the Export-Import Financial institution of India (Exim Financial institution) had prolonged a line of credit score of USD 500 million for financing the acquisition of petroleum merchandise to Sri Lanka which is going through a monetary disaster.

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