Modi reassures support to Sri Lanka

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Indian Prime Minister Narendra Modi yesterday said India is providing all possible support to Sri Lanka at these ‘difficult times’ as a close friend.

“Sri Lanka is passing through difficult times. I am sure you are concerned with the developments there.  As a close friend and neighbour, India is providing all possible support to Sri Lanka,” he tweeted.

Meanwhile, IMF Chief Kristalina Georgieva in a television interview has said, it was heart-breaking for her to watch what is happening in Sri Lanka and IMF will strongly support Sri Lanka on debt restructuring.

Speaking to NDTV at the annual meeting of the World Economic Forum in Davos, the IMF chief said, “I feel for the people in Sri Lanka. It is breaking my heart to watch pictures of what is happening in the country that once was quite prosperous.”

It is a result of mismanagement, Georgieva said further, noting that the most important thing to be done is to put the island nation back on a sound macroeconomic footing. “We have a technical team in the country, we are ready to support Sri Lanka once we have clarity on what the programme may look like and how debt can be restructured,” Georgieva added.

She also complimented India for being a good friend of Sri Lanka and advocating for Sri Lanka in such difficult times.