Sri Lanka and India have signed agreements for INR-denominated lines of credit valued at USD 350 million, part of a broader USD 450 million reconstruction package offered by India following Cyclone Ditwah.
Sri Lanka and India have formalized credit agreements worth USD 350 million as part of India's wider reconstruction assistance package in the wake of Cyclone Ditwah. The signing of the agreements followed discussions between Indian Foreign Secretary Vikram Misri and Sri Lankan President Anura Kumara Dissanayake in Colombo on Tuesday.
According to the Indian High Commission, the credit lines are structured in Indian Rupees and are intended to address reconstruction needs, support infrastructure development initiatives, and facilitate procurement requirements stemming from the cyclone's damage across Sri Lanka.
Beyond the immediate cyclone response, the two officials used the occasion to review broader bilateral cooperation frameworks. Both countries restated their commitment to advancing mutually beneficial development projects and strengthening ties across various sectors of shared interest.
The agreements represent India's continued engagement with Sri Lanka during a critical period of recovery and rebuilding, with the USD 350 million in credits forming part of the larger USD 450 million assistance commitment announced by New Delhi.
