Agreement signed with EXIM Bank of India to obtain Dollar Credit Line | Daily News

Agreement signed with EXIM Bank of India to obtain Dollar Credit Line

Prime Minister Ranil Wickremesinghe, Agriculture Minister Mahinda Amaraweera and Indian High Commissioner to Sri Lanka Gopal Baglay at the signing of the agreement with the EXIM Bank of India.
Prime Minister Ranil Wickremesinghe, Agriculture Minister Mahinda Amaraweera and Indian High Commissioner to Sri Lanka Gopal Baglay at the signing of the agreement with the EXIM Bank of India.

Finance Ministry Secretary M. Siriwardena yesterday (10) signed an agreement with the EXIM Bank of India to obtain a Dollar Credit Line.

The Government requested a credit facility from the Indian Government for the import of Urea Fertilizer of 65,000 MT in order to cater the immediate requirement of Urea fertilizer demand during the Yala cultivation season.

In response to the request, Government of India agreed to offer a Dollar Credit Line amounting to USD 55 million for procurement of Urea Fertilizer from India.

The signing of the agreement was overseen by Prime Minister Ranil Wickremesinghe,Agriculture Minister Mahinda Amaraweera and Indian High Commissioner to Sri Lanka Gopal Baglay.

The Prime Minister has previously indicated that ensuring food security for the populace was his priority as the country is facing grave shortages of essential food items. This credit facility could help to ensure the availability of Urea for the upcoming Yala Season.


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