AS VEGETABLES and daily ration items sent by New Delhi reached Colombo, India again stepped forward to help Sri Lanka amid the worst economic crisis in the island nation.
As New Delhi is providing financial assistance to Colombo, India has already supplied over 270,000 MT of fuel to Sri Lanka till now and has earlier announced another USD 1 billion as a credit to Sri Lanka to help shore up the sinking economy of the island nation. The USD 1 billion Line of Credit to Colombo will help in keeping their food prices and fuel costs under check.
Last month, Sri Lankan President Gotabaya Rajapaksa met Prime Minister Narendra Modi and briefed him on “initiatives being taken by both
countries to increase bilateral economic cooperation, and conveyed his thanks for the support extended by India for the Sri Lankan economy.”
PM Modi has conveyed to Sri Lankan Finance Minister Basil Rajapaksa, who has visited India twice in recent months, that the latter would always stand with the island nation as it occupies a central role in New
Delhi’s “neighbourhood first policy.”