Sri Lanka extends credit line with India by $200mln for fuel

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© Reuters. A man counts Sri Lankan rupees at a money exchange counter in Colombo September 4, 2015. REUTERS/Dinuka Liyanawatte/Files

By Uditha Jayasinghe

COLOMBO (Reuters) – Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks, the country’s power and energy minister said on Monday, with four shipments due to arrive in May.

Colombo was also in talks with New Delhi over extending the credit line by an additional $500 million, minister Kanchana Wijesekera told a news conference.

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