ECONOMYNEXT – Sri Lanka could get as much as 6.0 billion dollars in “bridge financing” from India and talks are underway with Japan to also get funds, ex-Central Bank Governor Indrajit Coomaraswamy who is an advisor to the government said.
“India has agreed to give 4.5 billion dollars,” Coomaraswamy told an online forum organized by the central bank.
“There may be 1.5 forthcoming.”
India had agreed to provide 500 million US dollars for fuel, and another billion US dollars for essential goods.
About 3.0 billion US dollars is expected through deferred payments under the Asian Clearing Union to India.
Officials have said another 500 million US dollars are also under discussion for fuel.
India has also sounded out Japan over funding for Sri Lanka during a meeting of Quad nations recently, Coomaraswamy said.
There were some indications that Japan may provide some money, he said. (Colombo/June02/2022)