header logo
Asia asset finance
Mogo Academy
Latest
Basil to visit India again to finalize agreements
Feb 13, 202211:31 PM
Basil to visit India again to finalize agreements

Finance Minister Basil Rajapaksa is expected to visit India once again within the next two weeks to finalize the agreements on the financial assistance extended by the neighboring nation. 

 

Speaking to reporters in Anuradhapura, Sri Lanka’s Foreign Minister Prof. G.L. Peiris said that the Finance Minister’s recent visit to India for talks was highly successful and delivered fruitful results for the country. 

 

He said that India’s has pledged USD 2.4 billion in financial assistance to Sri Lanka and that Minister Basil Rajapaksa had created the foundation for this during his last visit. 

 

He said Sri Lanka will first receive a USD one billion loan from India to import goods from the country such as food and medicine. 

 

Prof. Peiris said finance minister Rajapaksa will travel to New Delhi once again within the next two weeks or so in order to sign the final agreement on that loan. 

 

“This all goes to show that due to the success of our foreign policy, we will not be isolated when facing these problems,” he added. 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora