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On February 2, 2022, the Export Import Bank (EXIM) of India and Government of Sri Lanka signed a USD 500- million Line of Credit agreement.
Line of Credit
The Line of Credit spans over a year, at a nominal interest rate of under 2%.
Situation in Sri Lanka
Sri Lanka’s ability to import fuel has been severely affected because of dollar crisis in Sri Lanka. It has further led to frequent reports of shortages and power failures.
By: Brijesh Kumar ProfileResourcesReport error
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