Top level Indian delegation visit to Sri Lanka assesses the credit line


An Indian government delegation led by Chief Economic Advisor V. Anantha Nageswaran will arrive in Sri Lanka tomorrow (23) on a special aircraft to assess the ground situation here in pursuit of further economic assistance.

Economist V Anantha Nageswaran was appointed as the Chief Economic Advisor (CEA)on January 2022.Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, succeeds K V Subramanian, who demitted office of CEA in December 2021 after the completion of his three-year term.

The delegation will stay in the country only for three hours and hold talks with both President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe.

India is currently in the process of finalising another credit line of US $ 500 million for Sri Lanka to purchase oil. The country is undergoing its worst ever economic crisis with people queuing up for miles at filling stations.

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