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India Backs Sri Lanka to Secure IMF Bailout Plan Amid Crisis

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The Pulse | Diplomacy | South Asia

India Backs Sri Lanka to Secure IMF Bailout Plan Amid Crisis

Foreign Minister Jaishankar said it has extended financing assurances to the IMF to clear the plan but did not reveal the nature of these assurances.

India Backs Sri Lanka to Secure IMF Bailout Plan Amid Crisis

Sri Lankan President Ranil Wickremesinghe (right) at a meeting with India’s Foreign Minister S. Jaishankar during the latter’s visit to Colombo, Sri Lanka on January 20, 2023

Credit: Twitter/ Dr S. Jaishankar

India’s foreign minister said Friday his country has given financial assurances to the International Monetary Fund to facilitate a bailout plan to help neighboring Sri Lanka emerge from its worst economic crisis, in a first formal announcement from one of the island nation’s creditors.

India’s External Affairs Minister S. Jaishankar announced the support while on a two-day visit to Sri Lanka, where he met with President Ranil Wickremesinghe and other Cabinet ministers.

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