Colombo: Sri Lanka has thanked India for the generous support of a $3.9 billion credit line last year and the assurances given to the IMF to restructure the country’s debt after External Affairs Minister S Jaishankar conveyed India’s commitment to increase investment flows to hasten the debt-ridden island nation’s economic recovery. Jaishankar, who is here on a two-day visit, on Thursday met Sri Lanka’s top leadership, including his Sri Lankan counterpart Ali Sabry and President Ranil Wickremesinghe.
“It was my privilege to welcome my friend Hon EAM of India Dr S. Jaishankar in Colombo. I thank him for the generous support of the USD 3.9B credit line last year and the assurances given to the IMF to restructure the debt. Sri Lanka is fortunate to have caring and considerate friends!” Sabry tweeted on Friday.
It is noted that India gave aid worth $3.9 billion to help Sri Lanka sustain itself in the face of a severe economic and financial crisis and satisfy its urgent requirements such as medications, cooking gas, oil, and food goods. Earlier, In February 2022, India signed an arrangement for the delivery of petroleum products worth $500 million from the Indian Oil Company via a credit line to assist Sri Lanka in overcoming its fuel shortfall.
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