Press briefing of Cabinet Decision taken on 2022-05-23

Obtaining a Short Term Credit Line under the assistance of the Indian Export-Import Bank

- Actions have already been taken to obtain a short term credit facility of US$ 500 million with the assistance of the Export-Import Bank of the India and a credit facility of US$ 200 million under the assistance of the State Bank of India for the purchase of petroleum products that the country needs under the prevailing economic condition in the country. The proposal made by the Minister of Power and Energy to obtain another short term line of credit of US$ 500 million with the assistance of the Export-Import Bank of India, to purchase petroleum products, by covering the existing foreign exchange deficit, was approved by the Cabinet.