Basil returns to Sri Lanka empty handed; Indian relief package details in January

Indian Finance Minister Nirmala Seetharaman and External Affairs Minister S.K. Jayashankar had informed Finance Minister Basil Rajapaksa that India would officially announce the economic relief package given to Sri Lanka to overcome the country’s economic crisis, next January.

 The Indian ministers added that the economic package would apply to the strengthening of foreign reserves, the supply of food and medicine, the promotion of the energy sector and investment.

 The Economic Package for Sri Lanka, which has already been approved by the Indian Ministry of Finance, will be approved by the Indian Cabinet in January.

Finance Minister Basil Rajapaksaand Sri Lanka’s High Commissioner to India Milinda Moragoda had informed the Government of India of the relevant proposals.

Basil Rajapaksa and Secretary to the Ministry of Finance SR. Attygalle and High Commissioner Milinda Moragoda met the Indian Finance Minister and External Affairs Minister twice recently.

 Loans requested by President, PM, ignored

Meanwhile, The Hindu reports that President Gotabhaya Rajapaksa’s direct request for a $ 1 billion transfer to Prime Minister Modi during a telephone conversation in May last year (2020) has not yet materialized.

It is reported that India has delayed giving a decision to the request made by Prime Minister Mahinda Rajapaksa to the Prime Minister of India Narendra Modi at a meeting held in February 2020 seeking a loan relief to alleviate the economic problems of Sri Lanka which has been aggravated by the epidemic.

Photo Credit: MEERA SRINIVASAN

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