Sri Lanka Crisis
Highlights
- We have always supported Prime Minister Modi
- During the current crisis, we have received a lot of support from India
- पुहे ही भारत से प्रभाष्टिक राष्टी मिली है
Sri Lanka Crisis: Sri Lanka’s President Ranil Wickremesinghe informed the parliament on Thursday that the government has started discussions with China on debt restructuring. The president told the parliament that the discussion will continue after the meeting of the Chinese Communist Party Congress, which began on October 16. He said, “I am sure that China will help us in this important situation.” He said that the Japanese authorities have agreed to mediate with China in relation to debt restructuring.
Thanks to Modi
In order to facilitate debt restructuring, Sri Lanka has planned to make an agreement with creditor countries including India, Japan and China. The International Monetary Fund (IMF) has agreed to a $2.9 billion conditional bailout plan, but Sri Lanka will first have to deal with the creditor countries to restructure their debts. In this case, China is a major factor, but it has not committed to any debt restructuring plan yet. Instead, it has offered to pay back Beijing’s previous debts and lend more. During his speech, Wickremesinghe also thanked Prime Minister Narendra Modi for India’s extensive support during the crisis facing Sri Lanka.
Modi’s support is on every occasion
The President of Sri Lanka said, we have always supported Prime Minister Modi. During the current crisis, we have received a lot of support from India, and we have received a lot of support from many places. Wickremesinghe also told the parliament that India will continue to support Sri Lanka to get out of the current crisis. Rashtrapati ne kaha, हैमेन पुहे ही भारत से प्रभाष्टिक राष्टी मिली है He recently met Prime Minister Modi in Japan.
বাদান দান্ন সাম্যান সামান
Sri Lanka, Japan’s other major Asian creditors have agreed to a debt resolution process and have also agreed to co-chair debt restructuring talks with the countries that provided the debt. से सेसेसे for आने की योजनयोजन कीकीमसिंघेमसिंघे हुएकि नेऔत वहके वहऔ केऔ केके केकेत केउमत केके सहितउम उमउमत कीउमत कीउमत हैंउमते हैंउमतेतेतेतेतेतेते अनुद्य ये भी प्रभाई की, अन्य देखन के दूटोन के साथ साथ समवाद हो गाया है जो अन्य प्रेदे करें है।
A plan has been made
Wickramasinghe ne kaha, after discussion with the countries that have given loans to Sri Lanka, we hope to discuss the debt restructuring with private lenders like the London Club. After securing the IMF’s assurance, Sri Lanka is planning to negotiate with lenders such as the World Bank and ADB after reaching an agreement with creditor countries and private lenders.
next year until the situation is normal
The President said that, through bridging financing, they expect to reach approximately 1 billion dollars, while ADB has already agreed to provide 500 million dollars in financial assistance. He also said that the inflation of food prices was 95 percent, a situation Sri Lanka had not experienced during the Second World War. However, the president said that if everything works according to plan, then the economy will improve by the middle of the next year.