• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
The brown horses, native to India, gallop through the scenic landscapes of Sri Lanka, showcasing their untamed beauty.

India Extends $1 Billion Credit Line for Sri Lanka by One Year

05/09/2023
Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

10/10/2025
ASASOFT GROUP Nominated for the Go Global Awards 2025

ASASOFT GROUP Nominated for the Go Global Awards 2025

10/10/2025
CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

10/10/2025
U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

10/10/2025
Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

10/10/2025
Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

10/10/2025
Business team analyzing financial reports with charts and calculator; Canada's economic struggles. - Supply Chain News

Carney Heads to Washington for Tariff Talks Amid Canada’s Economic Struggles

10/10/2025
Amara Studio Sphere Nominated for the Go Global Awards 2025

Amara Studio Sphere Nominated for the Go Global Awards 2025

10/09/2025
Business in a Box Nominated for the Go Global Awards 2025

Business in a Box Nominated for the Go Global Awards 2025

10/08/2025
European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

10/08/2025
U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

10/08/2025
Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

10/08/2025
supplychainreport
Sunday, October 12, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

India Extends $1 Billion Credit Line for Sri Lanka by One Year

by Richie
05/09/2023
in Global Trade, International Relations

YOU MAY ALSO LIKE

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

India has granted a one-year extension to its $1 billion credit line for Sri Lanka, providing the crisis-affected island nation with additional support for essential imports. Initially, the credit line, a component of India’s approximately $4 billion emergency assistance to Sri Lanka during the height of its financial crisis last year, was set to conclude in March.

Following negotiations, Sri Lanka’s Deputy Treasury Secretary, Priyantha Rathnayake, confirmed to Reuters on Tuesday that the credit line had been extended until March 2024. Rathnayake mentioned that approximately $350 million remains from the credit line, available for utilization as needed. However, he noted that the current foreign exchange availability in the market has reduced the urgency compared to last year.

The extension announcement coincides with an upcoming meeting of Sri Lanka’s creditor nations, scheduled for later on Tuesday, where discussions will center around coordinating the restructuring of the nation’s debt. Attention is now focused on whether China will participate in this meeting.

The online meeting, organized within a new framework established in Washington, DC in April, aims to provide a model for resolving debt challenges faced by middle-income economies. While Japan, along with India and France, initiated the launch and invited all bilateral creditors, including China, uncertainties remain about China’s participation.

Last month, France, India, and Japan introduced a common platform for talks among bilateral creditors to streamline the restructuring of Sri Lanka’s debt. Sri Lanka’s debt composition includes $7.1 billion owed to bilateral creditors, with China being the largest at $3 billion, followed by $2.4 billion to the Paris Club and $1.6 billion to India.

The government also faces the task of renegotiating over $12 billion in eurobonds with overseas private creditors and addressing $2.7 billion in other commercial loans. Sri Lanka has initiated discussions to restructure a portion of its domestic debt, aiming to finalize the deal by May.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#IndiaSriLankaCreditExtension #SriLankaCrisisSupport #SriLankaDebtRestructuring #BilateralCreditors #ChinaParticipation #SriLankaFinancialCrisis #SriLankaDebt #IndiaEmergencyAid #JapanFranceIndia #ParisClubDebt #EurobondsRestructuring #SriLankaEconomy #MiddleIncomeEconomies #DebtChallenges #SriLankaDebtRestructure #SriLankaImports #FinancialSupport #SriLankaEconomicRecovery

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.