Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 867)

2021-10-19 Economy

867.

What amount of credit line has been sought by the Sri Lankan government from India to purchase crude oil?

USD 300 million

USD 100 million

USD 200 million

USD 500 million

Answer: Option

Explanation:

The Government of Sri Lanka has sought a USD 500 million credit line from India to pay for its crude oil purchases, as the country is facing a severe foreign exchange crisis in the island nation after the pandemic hit the nation's earnings from tourism and remittances.