Effective Debt Reform Talks With India, China: Sri Lanka Prez

| Updated: January 18, 2023 2:11 pm

The success of talks on debt restructuring with China and India was announced to the parliament by Sri Lankan President Ranil Wickremesinghe on Tuesday.

Sri Lankan President Media Division press release said, “We are continuing discussions in that regard and I am pleased to announce to this House that the discussions are currently successful.”

Notably, Sri Lanka is expecting a bailout from the International Monetary Fund to ease the greatest economic crisis the nation has ever experienced. Following his visit to the island nation on January 18, External Affairs Minister S Jaishankar, who will also be travelling to Sri Lanka and the Maldives, made the announcement.

According to the government, Jaishankar’s travel to Sri Lanka will follow his previous visits there in January 2021 and March 2022. India has always supported Sri Lanka’s people, who are both close friends and neighbours.

“During the visit, EAM will call on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena and also hold discussions with Minister of Foreign Affairs MUM Ali Sabry on the entire gamut of close India-Sri Lanka partnership and steps to strengthen it in all spheres,” the statement stated.

Regarding the shortage of food and fertilizers in the island nation, he said, “We expected that there would be a shortage of food this year as well. But somehow we provided the required fertilizer to the farmers. “

He also divulged a plan to provide 02 million low-income families with 10kg of rice per month during March and April.

“I would be happier if we could give them more. As we celebrate our 75th Independence, we will not allow our people to starve. We will invest the funds required to feed them,” said the Lankan President. 

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