COLOMBO (Reuters) – Sri Lanka’s cabinet has approved a $55-million credit line from India’s Exim Bank for the crisis-stricken Indian Ocean nation to buy fertilisers, a cabinet spokesman said on Tuesday.
The country of 22 million is suffering its worst economic crisis in seven decades, battling a shortage of foreign exchange that has stalled imports of essential items such as fuel, medicine and fertilisers.
(Reporting by Uditha Jayasinghe; Writing by Devjyot Ghoshal; Editing by Clarence Fernandez)
