Sri Lanka President plans to visit New Delhi to discuss his country's economic crisis

Ranil Wickremesinghe met PM Modi briefly in Japan during their visit to Shinzo Abe’s funeral

Sri Lankan President Ranil Wickremesinghe announced in Parliament on Thursday that he hopes to visit New Delhi to discuss the island nation’s worst economic crisis.

Briefing the House on his recent visits to Japan, Singapore, and the Philippines, the President said, “We are continuing our talks with India. During my brief meeting with Prime Minister Modi in Japan, I conveyed my wish to visit New Delhi to brief them on our situation." The President, who took charge after then president Gotabaya Rajapaksa fled Colombo in the face of the country's worst economic crisis since 1948, said, "(Mr.) Modi has always extended his support to us. I have always appreciated India’s assistance in our crisis. India will continue to extend their support in our rebuilding effort.”

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India since January this year has extended nearly $4 billion worth of assistance to Sri Lanka after the country in April this year announced itself bankrupt and expressed its inability to honour debts.

The island nation has been scrambling for dollars, leading to a shortage of food, medicines as well as essential items.

India’s credit lines to provide essential food and fuel proved a lifeline to Sri Lanka in the early stage of the crisis.

India stands as a key player in Sri Lanka’s debt restructuring process, a prerequisite to the International Monetary Fund (IMF) facility bailout.