India’s $1 billion line of credit to Sri Lanka used for food, medicines: Embassy

Dismissing reports that the Sri Lankan government imported water cannon vehicles under a line of credit given by the Indian government, the Sri Lankan Indian said, “Such misreports will help in cooperation and efforts to address No constructive contribution. Ongoing challenges.”

He further said that the USD 1 billion line of credit to Sri Lanka is aimed at helping the people of the country with the availability of food, medicines and other essential items needed by the people in the current situation.

Meanwhile, the Sri Lankan government has once again declared a state of emergency in the country. The government, it said, was needed to deal with the unprecedented economic crisis in the country, even as President Gotabaya Rajapaksa faced criticism from the opposition and foreign envoys for his decision, which forced security forces on peaceful protests. Gives tightening power.

In a special cabinet meeting on Friday, the President declared a state of emergency from Friday midnight. This is the second emergency declared in just a month.

Sri Lanka has been going through a period of unprecedented economic turmoil since independence from Britain in 1948. The crisis is partly due to a lack of foreign exchange, which means the country cannot pay for imports of staple foods and fuels. Leading to sharp shortages and very high prices.

Thousands of protesters have taken to the streets across Sri Lanka since April 9, as the government ran out of money for vital imports; The prices of essential commodities have skyrocketed and there is a severe shortage in the supply of fuel, medicines and electricity.

Despite mounting pressure, President Gotabaya Rajapaksa and his older brother and Prime Minister Mahinda Rajapaksa have refused to step down.

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