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Basil To Visit India As The Indian Government Approves A $1 Billion Finance Deal 
Posted 2,March

By Chaveendra Dunuwille

In Local News

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According to the Secretary to the Ministry of Finance, Finance Minister Basil Rajapakse is to visit India soon to finalize the details and sign a $1 billion finance deal with India. 

The Indian cabinet of ministers approved the $1 billion credit line to Sri Lanka to import food and medicine, relieving some pressure from the forex deprived nation. 

State Minister of Samurdhi and Micro-Finance Shehan Samarasinghe stated in parliament, “We are ready to enter into several agreements with India for financial facilities worth a billion USD.”