OPEN APP
Home / News / India /  India sends 1 lakh RAT kit to Sri Lanka as COVID-19 aid: Indian High Commission

India sends 1 lakh RAT kit to Sri Lanka as COVID-19 aid: Indian High Commission

As Sri Lanka is facing a serious financial crisis, India has stepped up and pledged a whopping USD 2.415 billion to the island nation to help overcome dire financial constraints (AFP)Premium
As Sri Lanka is facing a serious financial crisis, India has stepped up and pledged a whopping USD 2.415 billion to the island nation to help overcome dire financial constraints (AFP)

  • To help Sri Lanka overcome its economic challenges, India under the SAARC currency swap arrangement has made an extension of $400 million to Sri Lanka and provided a deferral of ACU (Asian Clearing Union) settlement of $515.2 million by two months

Listen to this article

COLOMBO : India continues its COVID-19 assistance to Sri Lanka by initiating the delivery of 100,000 Rapid Antigen Self Test Kit from Friday, according to the High Commission of India in Colombo, Sri Lanka.

Taking to Twitter, the High Commission said that the remaining kits to follow in the coming days.

"A special gift from a friend on #IndependenceDay!! #India continues its #COVID19 assistance to #SriLanka by initiating the delivery of 100,000 RAT kits from today. Remaining kits to follow in the coming days," India in Colombo tweeted.

As Sri Lanka is facing a serious financial crisis, India has stepped up and pledged a whopping USD 2.415 billion to the island nation to help overcome dire financial constraints caused by external debt payments and a lack of US dollars in the country for business.

Last month, External Affairs Minister S Jaishankar held a virtual meeting with the Finance Minister of Sri Lanka Basil Rajapaksa. During the meeting, Jaishankar conveyed that India has always stood with Sri Lanka, and will continue to support Sri Lanka in all possible ways for overcoming the economic and other challenges posed by the COVID-19 pandemic.

To help Sri Lanka overcome its economic challenges, India under the SAARC currency swap arrangement has made an extension of USD 400 million to Sri Lanka and provided a deferral of ACU (Asian Clearing Union) settlement of USD 515.2 million by two months.

India's critical support to Sri Lanka is due to the ongoing fuel crisis where the country is unable to purchase due to short of US dollars in the country, the Policy Research Group (PRG) had said in its report. 

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close

Recommended For You

×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout