Global Trade Alert
Global Trade Alert

India: Line of credit to Sri Lanka to purchase essential commodities from India

Announcement

17 Mar 2022

The State Bank of India has agreed to extend a line of credit to the government of Sri Lanka to purchase Indian commodities. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Mar 2022

Revocation date:

No revocation date

Announced: 17 Mar 2022
Local value added incentive In force
On 17 March 2022, according to various reports the State Bank of India, a government-owned bank, extended a credit facility of USD 1 billion to the government of Sri Lanka for procuring various essent...
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Announced: 17 Mar 2022
Trade finance In force
On 17 March 2022, the State Bank of India signed an agreement with the government of Sri Lanka to provide the latter with a credit facility of USD 1 billion. The credit will be used for the procuremen...
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