India to Continue Working with SL for post-COVID Economic Recovery

Posted on the 10 April 2022 by Frontpage
Business Arindam Bagchi Tags:  Print Edition

In line with its “neighbourhood first” policy, India stands ready to continue working with Sri Lanka for rapid post-COVID economic recovery, said Ministry of External Affairs (MEA) spokesperson Arindam Bagchi on Thursday.

Replying to a question regarding current developments in Sri Lanka during the MEA briefing, Bagchi said, Sri Lanka is a neighbor and a close friend of India and India is closely watching the developments in the island nation.

“There have been evolving economic situations as well as other developments in Sri Lanka. To help mitigate the economic situation, we have extended assistance worth 2.5 billion USD in the past two to three months which includes credit facilities for fuel and food,” said Bagchi.

He further informed that India has delivered over 270,000 MT of diesel and petrol to Sri Lanka since mid of March and 40,000 tonnes of rice have been supplied to the island nation under the recently extended one billion USD credit facility.

Monday, April 11, 2022 – 01:00