India has given positive response to Sri Lanka’s request of debt repayment.

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Indian High Commissioner Gopal Baglay says that India is holding “close and constructive” discussions with Sri Lanka, on Si Lanka’s pending requests for rescheduling its debt repayment and for currency swap facilities under bilateral and SAARC arrangements. In an statement, the Indian High Commissioner held discussions “at senior levels” in Colombo on Monday and Tuesday, the statement issued by the Indian High Commission said, on taking forward ongoing discussions.

Sri Lankan Prime Minister Mahinda Rajapaksa had sought a moratorium on the debt owed by Sri Lanka during his New Delhi visit in February this year.

The High Commission’s statement said that Sri Lanka’s requests had been taken up at the leadership level and has been followed up by senior functionaries bilaterally. The statement further added that India remains committed to partner Sri Lanka closely for the latter’s sustained economic recovery and shared prosperity in the post-COVID world.

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2020-Jul-03 | 05:07

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