Basil seeks USD $1 billion line of credit from India as Sri Lanka suffers from food shortages
.jpeg)
Finance Minister Basil Rajapaksa and Secretary to the Ministry left for India on Tuesday to seek a USD $1 billion credit facility from India, to import food, essential items and medicine.
The trip comes as officials from the International Monetary Fund (IMF) visit the Island to hold talks with the Rajapaksa regime to discuss the current economic crisis. Last week the IMF released a summary of their Article IV consultation which stressed the need for the government to implement a strategy to deal with 'Unsustainable levels' of debt.





