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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Indian Investments to ease financial crisis in Sri Lanka

Indian Investments to ease financial crisis in Sri Lanka

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samaritan

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Indian Investments to ease financial crisis in Sri Lanka India-Sri-Lanka


India’s Foreign Minister Subrahmanyam Jaishankar said yesterday the country is willing to make investments in Sri Lanka to help it ease a financial crisis, foreign media reported.


Sri Lanka has been suffering a severe shortage of foreign exchange, leading to widespread power cuts in recent days after being left unable to pay for fuel shipments.

Finance Minister Basil Rajapaksa is scheduled to arrive in New Delhi tomorrow (25th) to meet with his Indian counterpart Nirmala Sitaraman and Jaishankar to discuss two credit lines up to US $ 1.5 billion.


Finance Ministry Secretary Sajith Attygalle is also to accompany Rajapaksa on his visit to New Delhi.



https://www.dailymirror.lk/business-news/Indian-Foreign-Minister-says-willing-to-make-investments-in-SL/273-231746

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Post Fri Feb 25, 2022 7:33 am by samaritan

Govt should facilitate Indian investments without delay. Also, should consider luring the affluent from war affected countries under the 'Golden Paradise' program.

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