India says it will support crisis-hit Sri Lanka’s economic recovery

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India's top diplomat held talks with Sri Lanka's president and prime minister on Thursday as India signaled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbor.

Members of security personnel stand on a cargo ship carrying essential supplies of rice, milk and some critically needed medicines from India, amid Sri Lanka's economic crisis, at a port in Colombo, Sri Lanka, May 22, 2022. REUTERS/ Adnan Abidi

The island nation off the tip of southeast India needs about $5 billion in the next six months to cover basic necessities for its 22 million people, who have been struggling with long queues, worsening shortages and power cuts. The Indian team held a separate meeting with Wickremesinghe, the Central Bank governor and finance ministry officials, an official from the prime minister's office said.

 

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