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Latest Articles in sri lanka
India Provides $1 Bn Credit Line To Sri Lanka For A Year
The credit line, part of about USD 4 billion in emergency assistance extended by India during the peak of Sri Lanka's financial crisis early last year, was scheduled to end in March
Read MoreBW Explains: Global Climate Change & Its Impact On South Asian Countries
While climate change affects every living being and region worldwide, economically disadvantaged or developing countries bear a larger burden and are disproportionately affected by it
Read MoreWB-IMF's Spring Meeting: FM Sitharaman Participates In Event On Lankan Debt Crisis
The purpose of the meeting was to demonstrate the multilateral cooperation regarding the debt restructuring process among the creditors, together with Sri Lanka
Read MoreSri Lanka Seeks $1 Bn In Credit From India For Essential Items: Report
Last week, Sri Lanka received the first tranche of the USD 3 billion International Monetary Fund (IMF) bailout plan to help it overcome its economic crisis and catalyse financial assistance from other development partners
Read MoreIndia Continues To Support Debt-ridden Sri Lanka, Distributes Ration
During the Raisina Dialogue, Sri Lanka's Foreign Minister Ali Sabry said India helped Sri Lanka more than any other country, especially when the island nation was struggling to come out of an unprecedented crisis
Read MoreAll Fishermen From India Were Brought Back Safely From Sri Lanka: MoS Fisheries Murugan
After attending a meeting in the city, the MoS told reporters, "There is a demand to bring back our Indian fisherman's boats captured in Sri Lanka and our MEA Minister of External Affairs S Jaishankar has already raised this issue with Sri Lanka"
Read MoreAfrican Nations Wary Of China's Soft Loan Trap
China's offer to ease Sri Lanka's financial woes with a two-year moratorium on its debt repayments has shocked Sri Lanka and the global community with financial experts stating that the debt relief offered by China to Sri Lanka still falls short of the overall burden on the country
Read MoreEAM Jaishankar, Lankan PM Gunawardena Discuss Bilateral Cooperation
EAM Jaishankar also joined Sri Lankan President Ranil Wickremasinghe in inaugurating projects that showcase India's "deep and abiding friendship with the people of Sri Lanka
Read MoreJaishankar Discusses Cooperation In Infra, Connectivity, Energy With Lankan Counterpart
Regarding Sri Lanka's tour, the Ministry of External Affairs stated that Jaishankar's visit will follow his earlier trips to the bankrupt country in January 2021 and March 2022, however, Sri Lanka is a close friend and neighbour, and India has always stood with the people of Sri Lanka
Read MoreChina Opposes Dalai Lama's Visit To Sri Lanka
On 11 January, the Chinese embassy released a statement which stated, "They had a friendly conversation about the millennia close exchanges between the two peoples and Buddhist communities of the two countries, as well as China's firm support to all walks of life in Sri Lanka to fight against Covid-19 epidemic and the economic crisis."
Read MoreDebt Restructuring Talks With India, China Are Successful: Lankan Prez Wickremesinghe
Sri Lanka is awaiting the IMF bailout to relieve the worst-ever economic crisis the country is going through
Read MoreEAM Jaishankar To Visit Maldives, Sri Lanka This Week
According to the MEA statement, “Both Maldives and Sri Lanka are India's key maritime neighbours in the Indian Ocean Region and occupy a special place in the Prime Minister's vision of SAGAR and Neighbourhood First Policy and EAM's visit is testimony to the importance that India attaches to its close and friendly relations”
Read MoreIndia Backs Sri Lanka's IMF Debt Restructuring Plan: Report
Sri Lanka is experiencing its worst economic crisis since its independence from Britain in 1948 and policymakers have been dealing with a slew of issues over the last year, including a dollar shortage, rampant inflation and a steep recession
Read MoreAhead Of Jaishankar's Visit, Lankan Prez Promises To Implement 13th Amendment
President Ranil Wickremesinghe said that the 13th Amendment, proposed to devolve power and resolve the ethnic conflict between the majority Sinhalese and minority Tamils, would be implemented not only in the war-torn North but also in the Sinhala majority South
Read MoreCoordinated Assistance Programme Is Critical For Sri Lanka's Recovery
Wickremesinghe, who also serves as Finance Minister, presented Sri Lanka's development strategy for economic recovery and growth on Tuesday
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