Wednesday, 2 February 2022

Sri Lanka gets urgent $500 m Indian loan to pay for oil

Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan from India to finance urgent oil purchases for the cash-strapped nation. The island's economic woes have left thermal power generators unable to keep the lights on and disrupted transport networks, as traders run desperately low on foreign currency to fund imports.

from Times of India https://timesofindia.indiatimes.com/world/south-asia/sri-lanka-gets-urgent-500-million-indian-loan-to-pay-for-oil/articleshow/89297855.cms
No comments :

No comments :

Post a Comment

In a first, scientists grow humanised kidney: Full report

A study published in the scientific journal Cell Stem Cell has depicted growing humanised kidney inside pigs. Pigs are highly attractive tar...