Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan envoy discusses need for bridge financing with Indian Finance Minister
Sat, May 28, 2022, 09:27 am SL Time, ColomboPage News Desk, Sri Lanka.

May 28, Colombo: Following his meeting in mid-April, Sri Lanka’s High Commissioner to India, Milinda Moragoda has again met with the Finance and Corporate Affairs Minister of India Nirmala Sitharaman Friday (27) to evaluate the status of ongoing economic cooperation and to discuss the way forward.

High Commissioner Moragoda thanked Minister Sitharaman for the continuation of assistance that India is extending to Sri Lanka in the form of credits for essential commodities and fuel, and also for balance of payment support extended, the Sri Lankan High Commission in New Delhi said..

He particularly appreciated Minister Sitharaman taking up the case of Sri Lanka on the sidelines of the IMF Spring Meetings in April in Washington D.C., with the IMF, other multilateral institutions and bilateral development partners.

High Commissioner Moragoda briefed Minister Sitharaman on the present developments in Sri Lanka.

The High Commissioner reiterated that Sri Lanka would require bridging finance until the economic adjustment program with the IMF could be negotiated and finalized. In this context, the Minister and the High Commissioner explored the possibility of increasing and restructuring the assistance provided by India in the form of credits for essential commodities and fuel as well as balance of payment support.

In this regard, it was agreed that the established official-level mechanism for conducting the economic dialogue between the two countries should continue.

Chief Economic Advisor of the Government of India, Prof. Anantha Nageswaran who leads the Indian side at the official-level discussions, and senior officials of the High Commission of Sri Lanka in New Delhi also participated in the meeting.

 

ColomboPage - Recent 10 Stories ::
Flash Digital Account teams up with online pharmacy Flash Health for convenient payment
-- [50 minutes ago]
HNB ‘Oba Venuwen Api’ initiative donates vital medicines to hospitals
-- [6 hours ago]
Hayleys Fabric natural mahogany dye listed on Top 10 innovations for ISPO Textrends 2024
-- [7 hours ago]
CID probes illegal water release from Randenigala, Rantambe reservoirs
-- [7 hours ago]
Sri Lanka to receive four fuel ships from India next month
-- [7 hours ago]
International operations at Jaffna International Airport to resume from July 1
-- [8 hours ago]
Sri Lanka Attorney General requests court to dismiss case against Russian Aeroflot flight
Registrar General’s Department, post offices curtail services due to fuel crisis
Lanka IOC restricts sale of petrol
Five failed finance companies to be liquidated

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.