Sri Lanka Survived Two Years of Economic Crisis Because of the Financial Support of 3.5 Billion USD from India: President Ranil
Sri Lanka has emerged resilient from one of the most challenging economic crises in its history, largely thanks to substantial financial support from India. Addressing the 31st All India Partners Meet in Colombo, President Ranil Wickremesinghe attributed the country's survival over the past two tumultuous years to the $3.5 billion loan provided by India. This financial lifeline has been crucial in stabilizing Sri Lanka's economy, which saw its first sovereign default since gaining independence in 1948. President Wickremesinghe expressed profound gratitude for India's timely assistance, which played a pivotal role in preventing the complete collapse of Sri Lanka’s economy. He emphasized that this support was not just a financial transaction but a demonstration of the deep-rooted partnership and solidarity between the two nations. "Having now survived two difficult years, I must acknowledge that this was possible because India gave us a loan of USD 3.5 billion. All...
