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India has provided over $3.8 billion in aid to Sri Lanka this year

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From the Indian Foreign Ministry they stressed that they are “with the people” of the island nation “in their attempt to make their aspirations of prosperity come true and progress via democratic means and values”.

India has provided more than $3.8 billion in aid to Sri Lanka, communicated this Sunday the spokesman for the Ministry of Foreign Affairs of the South Asian nation, Shri Arindam Bagchi.

“In accordance with the central place that Sri Lanka occupies in our First Neighbourhood, India has granted this year an unprecedented aid of more than 3,800 million dollars for improve the dire economic situation in Sri Lanka,” the spokesperson said.

Bagchi mentioned the “deep links of civilization” between the two nations, while indicating that his Government continues to closely monitor recent developments in the country. The representative stressed that New Delhi “stands with the people” of the island nation “as they seek to realize their aspirations for prosperity and progress via means and democratic values” within the framework of the Constitution.

This Saturday, thousands of demonstrators filled the streets of Colombo, the country’s capital, to protest the worst economic crisis in the country’s history, marked by food shortages and basic medicines, as well as the almost total shortage of fuel. The day reached its climax when the participants broke into the residence of the president, Gotabaya Rajapaksa, and more later they set fire to the home of the prime minister, Ranil Wickremesinghe.

Faced with popular discontent, Wickremesinghe announced that he will leave his post, followed by Rajapaksa, who assured that he will leave the command next July 13 . The resignation of both appeared as one of the main demands of the mobilizations at the national level.

  • The serious economic crisis broke out due to the deficit of foreign currency reserves that originated from the low tourist flow due to the coronavirus pandemic. As a result, the Government cannot import fuel in the necessary quantities, while declaring the ‘default’ with the totality of its foreign debt last April.
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