Sri Lanka discussing new US$500m credit line with India: Minister ...Middle East

NEW DELHI: Sri Lanka, suffering a critical fuel shortage, needs US$554 million for its June energy imports and is in talks with India for a new credit line.Energy Minister Kanchana Wijesekera said on Monday he met Central Bank of Sri Lanka (CBSL) governor Nandalal Weerasinghe and discussed the forex requirements of the state-run Ceylon Petroleum Corporation (CPC).“Total requirement for June imports will be US$554 million. US$100 million will be facilitated through the existing Indian credit line,“ he said in a social media post.Wijesekera said a new US$500 million Indian credit line is under discussion.Sri Lanka, in the midst of its unprecedented economic crisis, has received Indian financia

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