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Which country will give additional $500 million Fuel Aid to Sri Lanka?
A)
US
B)
UK
C)
China
D)
India

Correct Answer :   India


* India will give Sri Lanka an additional $500 million in financial assistance to buy fuel, the troubled island nation's foreign minister told reporters Wednesday, adding that Bangladesh was also willing to postpone $450 million in swap repayments to ease Colombo's burden.
 
* Assistance by the IMF will take about six months to come to us and it will come in tranches," Sri Lankan Foreign Minister GL Peiris was quoted by Reuters. "During the intervening period, we need to find funds to keep our people supplied with essentials."
 
* This will be the second $500 million India has provided in fuel credit to a Sri Lanka government battling the country's worst financial crisis in living memory.
 
* The first line of credit was used up earlier this month after a shipment of 120,000 tons of diesel and 40,000 tons of petrol.
 
* So far India has provided nearly 400,000 tons of fuel.
 
* Massive protests broke out on Tuesday after fuel reserves ran low.
 
* Thousands of angry motorists burned tyres and blocked a major road leading into capital Colombo, news agency AFP reported citing police and local officials..

Source : Hindustan Times

Published On : April 23, 2022
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