Sri Lanka repaid first instalment of Indian credit line - Siyambalapitiya

Sri Lanka repaid first instalment of Indian credit line - Siyambalapitiya

March 24, 2023   04:57 pm

From the first tranche of the IMF bailout package, USD 121 million was used to repay the first installment of the Indian credit line, State Minister of Finance Ranjith Siyambalapitiya says.

The State Minister explained that measures are underway to repay the loans Sri Lanka received under the Indian Line of Credit, and accordingly, USD 121 million was already repaid yesterday (23 March).

The first tranche of the EFF, amounting to USD 330 million, was credited to the account of the Deputy Secretary to the Ministry of Finance’s account, the State Minister said, adding that the EFF is expected to be used towards bettering Sri Lanka’s financial stability.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Ven. Rajangane Saddharathana Thero arrested over controversial comments

Ven. Rajangane Saddharathana Thero arrested over controversial comments

NEWS IN BRIEF | MIDDAY PRIME TIME | 2023.05.29

Farmers in Padaviya claim Irrigation Dept. took over their cultivation lands despite freehold deeds

2022 (2023) G.C.E. Ordinary Level examination commences island-wide

Residents of Emelina Division of Brunswick Estate urge govt to complete housing project halted in 2010

Ticket issuing in public transport sectors will be digitalized within two months - Minister

Ada Derana Lunch Time News Bulletin 12.00

Headlines of Ada Derana 12.00 Midday News Bulletin - 2023.05.29