Srilankan President Anura Kumara Dissanayake thanked the Indian government for providing $5 billion in economic support. This significant amount of money has helped Sri Lanka a lot in these hard times.
This economic support is a part of India’s ‘Neighbourhood First’ policy which aims to strengthen ties with neighboring countries and make good relations with them. In 2023 India gave Sri Lanka $4 billion to help it get back on its feet. Making India the first nation to offer financing assurance to kick-start the IMF process.
India and Sri Lanka have also agreed to work together in the future in areas like transportation, energy, and education. They plan to build new ports and start ferry services again, also helping students and teachers to learn from each other.
The economic support and cooperation agreements are expected to strengthen the bilateral ties between India and Sri Lanka. And also help Sri Lanka to recover from the economic crisis.
