Correct Answer : Indian Government
The Indian government has decided to extend a Line of Credit (LOC) of USD 55 million to Sri Lanka for the procurement of Urea Fertiliser.
This credit line was extended in response to an urgent request from the Government of Sri Lanka (GOSL), amid the ongoing economic crisis.
“In this context, a LOC agreement was signed between GOSL and the Export-Import Bank of India today (June 10, 2022) at Colombo, in the presence of the Prime Minister of Sri Lanka Ranil Wickremesinghe, the Minister of Agriculture Mahinda Amaraweera, and the High Commissioner of India to Sri Lanka Gopal Baglay. Senior officials from the Sri Lankan and Indian side were also present during the signing ceremony,” the Indian High Commission said in a statement.
The support from India ranges from economic assistance of close to
USD 3.5 billion to helping secure
Sri Lanka’s food, health, and
energy security by supplying essential items like
food,
medicines,
fuel,
kerosene etc..
Source : The Print
