India To Play "Constructive Role" To Help Sri Lanka Overcome Its Worst Economic Crisis
NDTV
Sri Lanka was hit by a catastrophic financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of foreign exchange reserves.
India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis.
Addressing the inauguration ceremony of the Construction, Power and Energy Expo 2023 in Colombo on Friday, India's Deputy High Commissioner Vinod K Jacob said that recent developments in India-Sri Lanka ties have strengthened the friendship and all-around cooperation between the two countries.
“We were the first creditor nation in January this year to convey the financing assurances needed to kick start the IMF process. India will continue to play a constructive role as a Co-Chair of the Creditors Committee along with Japan and the Paris Club,” he said.
