India to send 65,000MT of urea under credit line


Secretary to the Ministry of Finance M. Siriwardena, signed an agreement with the EXIM Bank of India to obtain a Credit Line on Friday (10) to import urea. The Government requested a credit facility from India to import 65,000 MT of urea for the immediate requirement of fertiliser during Yala season.

In response, India agreed to offer a dollar credit line amounting to USD 55 million to procure urea from India. The signing of the agreement was overseen by Prime Minister Ranil Wickremesinghe, Minister of Agriculture Mahinda Amaraweera and High Commissioner of India to Sri Lanka Gopal Baglay.