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India denied the news of stopping Sri Lanka’s financial aid, said – will continue to support

Amid the continuing disaster in Sri Lanka, the Indian Excessive Fee in Colombo on Tuesday denied media reviews that India has determined to not present any additional monetary assist to Sri Lanka. In a collection of tweets, the Excessive Fee mentioned, “We continue to support Sri Lanka for its early economic recovery and development by promoting long-term investments from India in key economic sectors in all possible ways, especially in Sri Lanka.”

The Indian Excessive Fee additional mentioned, “We have now seen the related media reviews. We want to emphasize that India supplied unprecedented bilateral help of about $ 4 billion this 12 months to handle the difficulties confronted by the folks of Sri Lanka. As well as, now we have bilateral improvement cooperation initiatives in Sri Lanka, totaling about $3.5 billion.

In accordance with the Excessive Fee, India has additionally advocated for different bilateral and multilateral companions who’re more and more supportive of Sri Lanka’s present financial difficulties. We have now additionally seen the conclusion of an worker stage settlement between the IMF and the Authorities of Sri Lanka. Its additional approval throughout the IMF relies on, inter alia, Sri Lanka’s debt stability.

The Excessive Fee additional mentioned that many Sri Lankans are additionally availing scholarships for increased schooling and talent coaching in premier Indian establishments. In one other tweet, the Excessive Fee mentioned that these elements of our shut and long-standing cooperation with Sri Lanka additionally contribute to Sri Lanka’s efforts to handle the present financial difficulties.

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