HomeNewsAgreements MoUForex Crisis in Sri Lanka: India grants financial assistance of over $900...

Forex Crisis in Sri Lanka: India grants financial assistance of over $900 million

Forex Crisis in Sri Lanka: India grants financial assistance of over $900 million – India has decided to provide a $900 million loan to Sri Lanka amid a shortage of almost all essential commodities. a $900 million loan amount will help in building up its depleted foreign reserves and for food imports.

  • At present, Sri Lanka is facing a shortage of almost all essentials due to a shortage of dollars to pay for the imports.
  • The country is not able to obtain fuel to run turbines and imposing power cuts at peak hours and The only refinery was shut due to not paying dollars for crude imports.

★★★★  You Can Also Read  ★★★★

Computer Awareness Quiz Questions Set (Banking)
Read Daily Current Affairs Topic Wise
Daily Current Affairs Quiz (Current GK Test)
Static Gk Quiz Questions and Answers

📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News first Like, Follow and bookmark our website @ PrepareExams.com.

For all the latest Updates, download PrepareExams App.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Latest Articles