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Reuters reveals Crisis-hit Sri Lanka in talks with India for another $1.5 bln credit line

Gilberto V. Sutton by Gilberto V. Sutton
in Politics news
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Business & FinanceEconomyPolitics

28 March 2022, 10:04 am. 1 minute

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.

Article Tags

Topics of Interest: Business & FinanceEconomyPolitics

Type: Reuters Best

Sectors: Business & FinanceFinancial ServicesGovernment & Public Services

Regions: Asia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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