Wednesday, 01 July 2020 13:53

India holds high-level talks with Sri Lanka on debt relief and currency swap

India and Sri Lanka are continuing close and constructive discussions on rescheduling Sri Lanka’s repayment to India, and on currency swap under bilateral and SAARC arrangements, India’s High Commission in Colombo said.

The two sides also held talks regarding financial matters, the situation concerning Sri Lankan economy’s external sector, a spokesperson of the High Commission of India in Sri Lanka said.

The spokesperson said that these matters had been taken up at the leadership level and has been followed up by senior functionaries bilaterally.

Most recently, the High Commissioner of India to Sri Lanka Gopal Baglay held discussions at senior levels in Colomboon progressing the ongoing official discussions regarding Sri Lanka’s requirements.

In the post-COVID world, India says it remains committed to partner Sri Lanka closely for the latter’s sustained economic recovery and shared prosperity

Discussions still ongoing with Sri Lanka over a request 400 million US dollar swap line for the central bank and debt relief, India’s High Commission (embassy) in Colombo said.

President Rajapaksa had also requested another swap line of billion US dollars which had been given to Sri Lanka earlier.

(LIN)

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