Sri Lanka to seek fresh USD 1 Billion credit from India to buy essential items: Reports


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Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday. Sri Lanka received 333 million dollars, the first tranche of the USD 3 billion International Monetary Fund (IMF) bailout programme last week to overcome its economic crisis and catalyse financial support from other development partners.