India has offered a new Line of Credit (LOC) of USD 500 million to Sri Lanka for purchase of petroleum products.
External Affairs Minister Dr. S. Jaishankar extended this critical support in his letter addressed to the Foreign Minister of Sri Lanka, Prof. G.L. Peiris, the Indian High Commission in Sri Lanka said.
Recently India had extended foreign exchange support of over USD 900 million to Sri Lanka. These measures are in line with India’s commitment to stand with Sri Lanka, contribute to Sri Lanka’s economic growth and impart greater momentum to bilateral economic and commercial partnership.
