Sri Lankan Foreign Minister Ali Sabri has praised India, saying that New Delhi helped them more than any other country, especially when they were going through the worst economic crisis.
Speaking during the Raisina Dialogue ‘Ideas Pod’, Sabri said that not only did the Indian government come forward with bold decisions, but the Indian people also came forward to support Sri Lanka.
Sabri said, “Your real friends are tested when bad times come. India stands by us, a friend in need and a friend indeed they say. So we are very grateful to India for what it has done for us.” Is.”
The Sri Lankan Foreign Minister further said that India took bold decisions to help them and provided bilateral loans and recognition worth about 3.9 billion.
Sabri said India’s intervention to save Sri Lanka was more than other countries and it was early.
Meanwhile, the IMF board is scheduled to meet on March 20 for a possible approval of a US$2.9 billion bailout for debt-ridden Sri Lanka.
“Sri Lanka has now received financing assurances from all major bilateral creditors. This paves the way for consideration by the IMF’s board on March 20 for approval of the staff-level agreement reached on September 1, 2022, for financing under an Extended Fund Facility.
The arrangement will support the authorities’ ambitious reforms program that they have already embarked on, which will help Sri Lanka emerge from its current crisis and set it on a path of strong and inclusive growth.
,With inputs from PTI,
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