New Delhi: As anti-government protesters continued to take to the streets of Sri Lanka to take their demands and occupied the official residence of President Gotabaya Rajapaksa, India on Sunday (July 10, 2022) said it stands with the people of Sri Lanka. In a carefully crafted statement, the Ministry of External Affairs (MEA) said, “India stands with the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values, established institutions and constitutional framework.” ”
The MEA also reported that the country has provided more than US$3.8 billion in financial aid to the island nation battling its worst economic crisis. “India has provided unprecedented support of over US$3.8 billion this year to improve the dire economic situation in Sri Lanka. We continue to closely follow the recent developments in Sri Lanka,” said the Ministry of External Affairs.
India stands with the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values, established institutions and constitutional framework: Ministry of External Affairs – ANI (@ANI) 10 July 2022
Stating that India is Sri Lanka’s closest neighbour, Ministry of External Affairs spokesperson Arindam Bagchi said, “We are aware of the many challenges that Sri Lanka and its people are facing, and we stand with the people of Sri Lanka as they Tried to overcome this difficulty. Period.”
India is Sri Lanka’s closest neighbor and our two countries share deep civilizational bonds.
Meanwhile, Sri Lanka, a country of 22 million people, is in the grip of an unprecedented economic turmoil, the worst in seven decades, crippled by an acute shortage of foreign exchange that has forced it to pay for essential imports of the fuel. Struggling left, and other necessary.
The country, with an acute foreign exchange crisis that resulted in foreign debt defaults, announced in April that it would suspend foreign debt repayments of about USD 7 billion for the year, out of about USD 25 billion by 2026. Used to be. Sri Lanka’s total external debt is $51 billion.