Sri Lanka will be getting the much awaited US$1 billion credit facility following the signing of the agreement with the State Bank of India on Thursday to purchase food, medicine and other essentials easing the foreign exchange crisis for the time being, Finance Ministry sources said.
This was the result of the 2-day official visit to India by Finance Minister Basil Rajapaksa and Treasury Secretary Sajith Attygalle.
Finance Rajapaksa has met Prime Minister Narendra Modi and External Affairs Minister S. Jaishankar during the visit. “India stands with Sri Lanka,” Minister Jaishankar said in a twitter message a short while ago.
Finance Minister Rajapaksa, who first announced the Indian credit line in February, signed an agreement for it to pay for essential commodities including medicine, wheat flour, sugar and rice. (Bandula)
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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