India’s economic assistance to Sri Lanka stands at more than USD 3 billion in 2022.

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The Indian High Commission in Colombo said that India’s economic assistance to Sri Lanka which stands at more than USD 3 billion in 2022 has been instrumental in addressing diverse needs of the Government and people of Sri Lanka. The USD 1 billion Credit Facility for purchase of food, medicines and other essential commodities is already operational and around 16,000 Metric Tons of rice supplied under it, ahead of Avurudu, is being distributed through various Sathosa outlets. Commodities to be supplied from India under this concessional credit line are finalized by the Government of Sri Lanka. Government of India facilitates these supplies strictly in accordance with the priorities of the Government of Sri Lanka. Additional consignments of rice and other food supplies, medicines and industrial raw materials, among others, are envisaged under the credit line. A separate Line of Credit of 500 million US dollars for the purchase of petroleum products, such as diesel, petrol and aviation fuel, has paved way for the delivery of 9 consignments of different types of fuel.

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