India, Sri Lanka Review Progress in Extending Loans Worth $1.5 Billion
Following a meeting between Indian envoy Gopal Baglay and Sri Lanka’s Central Bank governor Ajith Nivard Cabraal in Colombo on Thursday, India extended a Saarc currency swap facility of $400 million and deferred the payment of $515.2 million to the Asian Clearing Union (ACU) by two months to assist Sri Lanka.