It is reported that India is considering a US $ 1.9 billion loan package to get over the Sri Lanka government’s severe foreign exchange crisis.
It is reported that this loan is to be given through private level negotiations, and US $ 1 billion has been allocated to obtain essential food and medicines from India.
It is also reported that US $ 500 million will be made available as a grant to buy fuel from India. The Reserve Bank of India is preparing to grant US $ 400 million under the Swap loan facility. It is further reported that the loan will be received as a result of a request made by Finance Minister Basil Rajapaksa from Indian Finance Minister Nirmala Sita Raman and External Affairs Minister S Jayasankar.
Pillayan and Another Remanded Until the 27th
October 13, 2026
