Sri Lanka inks billion dollar credit for food, meds, from State Bank of India

Sri Lanka had inked a deal with the State Bank of India to get a billion US dollar credit for food and medicine, India’s Finance Ministry said.

Finance Minister Basil Rajapaksa and Treasury Secretary Sajith Attygalle is on a two day visit to India.

Rajapaksa has met Prime Minister Narendra Modi, External Affairs Minister S Jaishankar during thevist.

“India stands with Sri Lanka,” Jaishankar said in a message.

“US$ 1 billion credit line signed for supply of essential commodities. Key element of the package of support extended by India.”

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