Worst economic crisis- ‘India prepared to go the extra mile’, Jaishankar assures debt-ridden Sri Lanka | India News – Times of Nation
On his two-day visit to the island nation, external affairs minister S Jaishankar expressed India’s solidarity with the island nation during difficult times. He assured them of greater investments to help the country’s economic condition.
While holding talks with this Sri Lankan counterpart Ali Sabry, Jaishankar assured India’s cooperation across the economic spectrum.
“India will encourage greater investments in Sri Lankan economy especially in areas of energy, tourism and infrastructure” he said.
He further added, “India is committed to go the extra mile when Sri Lanka feels the need.”
“Conveyed our commitment to increase investment flows to Sri Lanka to hasten its economic recovery,” Jaishankar said on Twitter later in the evening.
Sri Lanka later thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country’s debt.
“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 was my privilege to welcome my friend Hon. EAM of India Dr. S. Jaishankar in Colombo. I thank him for the genero… https-//t.co/Bwy7ufbaON
— M U M Ali Sabry (@alisabrypc) 1674182099000
On Friday, he will meet Sri Lanka’s president and prime minister.
During the visit, the neighbours are also expected to sign a Memorandum of Understanding for a renewable power project covering three islands in Sri Lanka’s north, sources have said.
The country of 22 million has grappled with challenges over the past year ranging from a shortage of foreign currency to runaway inflation and a steep recession, in its worst such crisis since independence from Britain in 1948.
(With inputs from agencies)
(News Source -Except for the headline, this story has not been edited by Times Of Nation staff and is published from a timesofindia.indiatimes.com feed.)
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