Increase Investment Flows to Sri Lanka to Hasten Economic Recovery


External Affairs Minister S Jaishankar on Thursday met Sri Lanka’s top leadership and conveyed India’s commitment to increase investment flows to hasten the debt-ridden island nation’s economic recovery.

“Look forward to my discussions with the leadership tomorrow morning,” Jaishankar tweeted after he held talks with his Sri Lankan counterpart Ali Sabry soon after his arrival here, as India informed the IMF its assurance which the global lender wants from creditors for providing a much-ne ..

The IMF bailout has been put on a halt as Sri Lanka pursues talks with creditors to meet the global lender’s condition for the facility.

“Conveyed our commitment to increase investment flows to Sri Lanka to hasten its economic recovery,” Jaishankar tweeted after his meetings, including with President Ranil Wickremesinghe.

Jaishankar, who arrived here from the Maldives on the second leg of his two-nation tour, met Sabry and discussed issues of mutual and regional interests.

“A good meeting with Foreign Minister Ali Sabry and other ministerial colleagues this evening in Colombo. Discussed India-Sri Lanka cooperation in infrastructure, connectivity, energy, industry and health.

President Wickremesinghe hosted a working dinner for the minister.

Sri Lanka’s unprecedented economic crisis had paradoxically brought the best out of India’s concerns for its southern neighbour given the island nations’ proximity in economic coop ..

Source Economic Times