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* Sri Lankan Finance Minister Basil Rajapaksa to visit India
Tue, Nov 23, 2021, 01:25 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 23, Colombo: Sri Lankan Finance Minister Basil Rajapaksa will visit India to hold talks with Prime Minister Narendra Modi, Foreign Minister Prof. GL Peiris said on Monday.

Finance Minister will visit India in the next few days, Prof. Peiris said at a media briefing held at the SLPP headquarters on Monday. He said the schedule is being worked out jointly with the Indian High Commission here.

Finance Minister Rajapaksa’s visit assumes significance in the backdrop of negotiations sought by Colombo for an Indian credit line to pay for the island’s fuel purchases, Indian media said.

Media reports said the Sri Lankan government has decided to obtain an emergency loan of $ 500 million from India to import fuel which is in serious crisis.

Last week, Sri Lanka temporarily shut down its only oil refinery for 50 days following the non-availability of crude oil supplies due to the ongoing severe foreign exchange crisis in the country.

Foreign Minister Peiris, however, said that Rajapaksa would not ask for Indian loans but to enhance Indian investment. “We have strong relations with India, not just focused on one area,” he was quoted as saying. He added that Basil Rajapaksa would call on Indian Prime Minister.


Sri Lankan Finance Minister Basil Rajapaksa to visit India
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