Sri Lanka receives US $ 1 billion financial assistance from SBI,
State Bank of India will present $ 1 billion in financial assist to Sri Lanka, the finance ministry stated.
The Ministry of Finance stated Sri Lanka is being loaned to assist purchase meals, medication and different important gadgets.
#Agreement was signed between SBI and Government of Sri Lanka for $ 1 billion #credit facility for #procurement of meals, medication and different important gadgets to Sri Lanka. (2/2) pic.twitter.com/vfS1QHVSdX
– Ministry of Finance (@FinMinIndia) March 17, 2022
In a sequence of tweets, Finance Minister Nirmala Sitharaman and External Affairs Minister S Jai Shankar met with Sri Lanka’s Finance Minister Basil Rajapaksa and mentioned a number of points. Meanwhile, a US $ 1 billion financial deal has been signed between SBI and the federal government of Sri Lanka.
Earlier, India’s Export and Import Bank had introduced a $ 500 million assistance to Sri Lanka, which is dealing with financial hardship.