'We extended around USD 4 billion aid this year': India on financial support to Sri Lanka

India has also extended its continuous support to Sri Lanka in all possible ways

Asian News International September 20, 2022 19:16:04 IST
'We extended around USD 4 billion aid this year': India on financial support to Sri Lanka

Photo for representation

Colombo: India on Tuesday responded to a media query regarding reports on “no further financial support from New Delhi to Colombo”, stating that it has extended around USD 4 billion in bilateral assistance this year for the people of Sri Lanka.

Responding to a media query, the spokesperson of the High Commission of India in Colombo also advocated other bilateral and multilateral partners supporting Sri Lanka expeditiously in its current economic difficulties.

“We have seen the relevant media reports. We would like to emphasise that India has extended unprecedented bilateral assistance amounting close to USD 4 billion this year for ameliorating the difficulties faced by the people of Sri Lanka. India has also advocated to other bilateral and multilateral partners supporting Sri Lanka expeditiously in its current economic difficulties,” India in Sri Lanka said in a tweet.

In a bid to sustain it from debt, India also extended its continuous support to Sri Lanka in all possible ways, particularly by promoting long-term investments from New Delhi in key economic sectors in Colombo for its early economic recovery and growth.

“We have also noted the conclusion of a Staff Level Agreement between IMF and the Government of Sri Lanka. Its further approval within IMF is contingent upon, inter alia, on Sri Lanka’s debt sustainability. We continue to be supportive of Sri Lanka in all possible ways, in particular by promoting long-term investments from India in key economic sectors in Sri Lanka for its early economic recovery and growth,” the spokesperson of the High Commission also said.

Read all the Latest News, Trending NewsCricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Updated Date:

also read

Mahinda Rajapaksa resigns amid clashes: A look at the rise and fall of Sri Lanka’s embattled leader
World

Mahinda Rajapaksa resigns amid clashes: A look at the rise and fall of Sri Lanka’s embattled leader

Prime Minister Mahinda Rajapaksa resigned on Monday as Sri Lanka continues to be in grips of violent clashes amid the worst-ever economic crisis the country has faced in its history since its independence

Sri Lanka: People protest outside Mahinda Rajapaksa's residence amid unrest
World

Sri Lanka: People protest outside Mahinda Rajapaksa's residence amid unrest

Anti-government protests continue to take place in Sri Lanka, demanding solutions to the current economic crisis

'India has been an elder brother to us': Arjuna Ranatunga lauds PM Modi for helping Sri Lanka during economic crisis
World

'India has been an elder brother to us': Arjuna Ranatunga lauds PM Modi for helping Sri Lanka during economic crisis

Sri Lanka is battling a severe economic crisis with food and fuel scarcity affecting a large number of the people in the country