India & Sri Lanka sign agreement for a $1-billion line of credit

The State Bank of India (SBI) will provide a $1-billion credit facility to Sri Lanka for the procurement of food, medicines and other essential items, the Union Finance Ministry said on Thursday. Finance Minister Nirmala Sitharaman and External Affairs Minister S Jaishankar met Sri Lankan Finance Minister Basil Rajapaksa in Delhi. The ministers discussed wide-ranging issues, the ministry added.