Basil to visit India in mid-Feb.; $ 1 b loan envisaged soon

Thursday, 3 February 2022 05:05 - - {{hitsCtrl.values.hits}}

Finance Minister Basil Rajapaksa is scheduled to visit India again in mid-February further cementing stronger bilateral ties.

He told journalists yesterday that in addition to the already finalised $ 900 million support from India, the giant neighbour has committed a further $ 1 billion.

“We hope to finalise the $ 1 billion worth import trade financing by end-February or early March.

This will help ease the Balance of Payment pressure on Sri Lanka as India is among the two top trading nations apart from China which have a favourable trade deficit against Sri Lanka,” Basil added.

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