Sri Lanka to provide a 10 M Dollar Credit Line for Imported Goods

President Mohamed Nasheed has said that a line of credit worth 10 Million US Dollars, for imported goods from Sri Lanka to the Maldives, has been established via Bank of Ceylon, and Sri Lankan government has agreed to construct a 6 kilometer road in Addu City, in assistance to the government’s preparations for the SAARC Summit to be held in the Maldives this year.

In his 111th radio address given yesterday morning, the President noted that this line of credit to the Maldives, will provide additional opportunities to merchants importing goods from Sri Lanka, and ease the difficulties being faced due to the shortage of foreign currency.

President also said that the 6 kilometer road of high quality will be constructed in Feydhoo, Maradhoo and Maradhoo-Feydhoo of Addu City.

President Nasheed also highlighted on the discussions held with the Sri Lankan President Rajapaksa, on ways to further strengthen the close mutual relations between the two countries.