{"id":465822,"date":"2022-02-03T08:35:08","date_gmt":"2022-02-03T03:05:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465822"},"modified":"2022-02-03T08:59:25","modified_gmt":"2022-02-03T03:29:25","slug":"sri-lanka-signs-500-million-credit-line-with-india-to-import-fuel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sri-lanka-signs-500-million-credit-line-with-india-to-import-fuel\/","title":{"rendered":"Sri Lanka signs $500 million credit line with India to import fuel"},"content":{"rendered":"<p>COLOMBO (Reuters) -Sri Lanka signed a $500 million credit line with India to import fuel on Wednesday, officials said, as the island nation seeks to stave off rolling power cuts amid a foreign exchange crisis that has hampered purchases of diesel for power plants.<\/p>\n<p>The Export-Import Bank of India (EXIM) will provide the credit line for purchasing petroleum products, India&#8217;s High Commission in Sri Lanka&#8217;s main city Colombo said on Twitter.<\/p>\n<p>Sri Lanka is struggling with its worst financial crisis in years with reserves hitting $3.1 billion in December. The country has to repay about $4 billion in debt repayments this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COLOMBO (Reuters) -Sri Lanka signed a $500 million credit line with India to import fuel on Wednesday, officials said, as the island nation seeks to stave off rolling power cuts amid a foreign exchange crisis that has hampered purchases of diesel for power plants. The Export-Import Bank of India (EXIM) will provide the credit line for purchasing petroleum products, India&#8217;s High Commission in Sri Lanka&#8217;s main city Colombo said on Twitter. Sri Lanka is struggling with its worst financial crisis in years with reserves hitting $3.1 billion in December. The country has to repay about $4 billion in debt repayments [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-465822","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=465822"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465822\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}