India Assures Support To Sri Lanka, IMF Praises India’s Help Amid Crisis

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Finance Minister Smt. Nirmala Sitharaman, on 18 April, 2022 assured help to Sri Lanka, which is facing one of its worst-ever financial crises. Sri Lanka has also been witnessing one of the biggest unrests in history amid mounting public anger as people face shortage of fuel and other essentials and blackouts.

India will “try to extend all possible cooperation” to the neighbouring country, a tweet by the ministry of finance read as smt. Sitharaman met her Sri Lankan counterpart.

India’s assistance was also appreciated by the International Monetary Fund (IMF) chief Kristalina Georgieva.

Noteworthy, India has extended financial assistance worth more than $1.5 billion, including two lines of credit for purchasing fuel, food and medicines, to help the neighbouring nation tackle the current challenges.