SL to obtain USD 500M loan from Exim Bank for petroleum purchases

SL to obtain USD 500M loan from Exim Bank for petroleum purchases


The Cabinet has granted approval to obtain a short-term loan facility of USD 500 million through the Export-Import Bank of India (EXIM Bank) to purchase petroleum products from India.

The proposal was presented by the Minister of Power and Energy Kanchana Wijesekara considering the current economic state.
ceylontoday

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