COLOMBO: Sri Lanka received another 40,000 metric tonnes of diesel from India on Saturday as part of a credit line facility for the island nation, which is experiencing its worst economic crisis in decades.
India offered an additional USD 500 million credit line to Sri Lanka last month to help the country pay for imports after its foreign exchange (FOREX) reserves fell drastically in recent months, prompting a devaluation of its currency and spiralling inflation.
"Diesel is being pumped into SriLanka!!! Today, another 40,000 MT of fuel under the credit line from India arrived in Colombo "On Twitter, India's High Commission stated. An Indian ship filled with vital relief supplies such as food, medications, and milk powder for the people of crisis-hit Sri Lanka is due to arrive in Colombo on Sunday, according to the embassy here.
On Wednesday, Tamil Nadu Chief Minister M K Stalin sent off a ship packed with relief supplies from Chennai, the first to be dispatched to Sri Lanka. The first cargo included 9,000 metric tonnes of grains, 200 metric tonnes of milk powder, and 24 metric tonnes of life-saving medications worth Rs 45 crore.
"Indians supporting their Sri Lankan brothers and sisters. The Indian embassy tweeted that rice, milk powder, and medications costing more than SLR 2 billion (USD 5.6 million) will arrive in Colombo on Sunday.