The Sri Lankan Government has signed an agreement
to obtain a 55 million US Dollar Credit Line from the Export-Import (EXIM) Bank
of India, for procurement of Urea fertilizer for the upcoming agricultural
season in the island nation
The agreement was signed by
Secretary to the Ministry of Finance, M.Siriwardena, in the presence of Prime
Minister Ranil Wickremesinghe, Minister of Agriculture Mahinda Amaraweera and
High Commissioner of India to Sri Lanka, Gopal Baglay.
The Government requested a
credit facility from the Government of India for the importation of Urea
Fertilizer of 65,000 Metric Tons in order to cater the immediate requirement of
Urea fertilizer demand during the Yala cultivation season.
: ensuring food security for the populace was his priority
Premier Wickremesinghe has
previously indicated that ensuring food security for the populace was his
priority as the country is facing grave shortages of essential food items.
India has been on the forefront in granting
assistance to Sri Lanka. It has provided assistance to the tune of 3.5 billion
US dollars. It has rushed several shipments of diesel and other petroleum
products besides medicines and other essential commodities