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Sri Lankan President thanks India for $ 1 bn line of credit

Sri Lanka has expressed gratitude to India for extending financial assistance to the island nation to deal with its economic crisis. President Gotabaya Rajapaksa expressed his views during the meeting with Inadian external affairs minister Dr. S Jaishankar in Colombo on Monday. They reviewed various dimensions of the close neighbourly relationship. In a statement, the Sri Lankan President’s office said, “Dr Jaishankar is in Sri Lanka to attend the 5th BIMSTEC Summit which begins ffom Monday in Colombo.” “Expressing pleasure over the visit of Dr Jaishankar, the President thanked India for providing a Credit Line of USD 1 billion for the importation of essential commodities including food and medicine,” the statement read. Dr Jaishankar assured him of India’s continued cooperation and understanding.

He also called on Prime Minister Mahinda Rajapaksa. The discussions were followed by signing of agreement on supporting Buddhist culture and heritage. The External Affairs Minister virtually toured an ongoing camp in Jaffna on fitting ‘Jaipur Foot’. He also virtually inaugurated the Jaffna Cultural Centre constructed by India. Dr Jaishankar also discussed the socio-economic issues of the Indian origin Tamil community.

The External Affairs Minister visited Lanka IOC, a subsidiary of Indian Oil Corporation in downtown Colombo. Managing Director of Lanka IOC Manoj Gupta briefed Dr Jaishankar on fuel supply situation. The External Affairs Minister said, Indian Line of Credit of 500 million dollars is helping Sri Lankan people in their everyday life.The External Affairs Minister will participate in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation BIMSTEC Ministerial Meeting in Colombo.


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