India confirms provision of total $ 1.9 b package sought by SLDelays attributed to restarting processes on commodity credit linesFinance Minister Rajapaksa to make second visit to India on 10 JanuaryBy Our Political EditorTwo financial aid packages from India amounting to $ 900 million will reach Sri Lanka this month, The Sunday Morning learns. “India will release the three requests for financial assistance presented by the Government of Sri Lanka. The $ 1 billion facility sought by the Government will take more time due to the documentation process, it is learnt. Apart from the $ 400 million swap facility, Sri Lanka has sought a $ 500 million credit line for fuel and a $ 1 billion credit line for food and medical purchases. Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal has continuously expressed confidence in building reserves without seeking assistance from the International Monetary Fund (IMF).

Source: The Nation January 01, 2022 19:05 UTC