Reuters reveals Crisis-hit Sri Lanka in talks with India for another $1.5 bln credit lineon March 28, 2022 at 10:04 am

Reuters exclusively reported Sri Lanka’s central bank governor said it has sought an additional credit line of $1.5 billion from India to import essentials, its worst economic crisis in decades. The country of 22 million people is struggling to pay for essential imports after a 70% drop in foreign exchange reserves in two years led to a currency devaluation and efforts to seek help from global lenders.

The post Reuters reveals Crisis-hit Sri Lanka in talks with India for another $1.5 bln credit line appeared first on Reuters News Agency.

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