Sri Lanka to obtain another loan from India for petroleum purchases

Sri Lanka to obtain another loan from India for petroleum purchases

May 24, 2022   10:43 am

Sri Lanka will obtain another short-term loan facility of USD 500 million from the Export-Import Bank of India (EXIM Bank) to purchase petroleum products, the government says.

The new Cabinet of Ministers, which convened yesterday, approved the relevant proposal tabled by Minister of Power and Energy Kanchana Wijesekara.

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