News > Sri Lankan FM to visit India to formalise economic relief package

Sri Lankan FM to visit India to formalise economic relief package

The Week | 15/02/2022 01:39 PM | Click to read full article

Sri Lanka's Finance Minister Basil Rajapaksa will visit India in a fortnight to formalise India's economic relief package for the island nation facing a serious forex crisis, Foreign Minister G L Peiris said on Tuesday.

In January, India announced a USD 900 million loans to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the country.

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