Finance News

Chief Economic Advisor Anantha Verma Wants to Visit Sri Lanka Today

An Indian government delegation led by Chief Economic Advisor V Anantha Nageswaran will arrive here on Thursday to assess Sri Lanka’s economic conditions and whether another tranche of the financial package needs to be disbursed to the island nation, which is amid an unprecedented economic crisis Economic crisis is turmoil. The delegation led by Nageswaran will stay in the country for three hours and hold talks with President Gotabaya Rajapaksa and Wickremesinghe, according to the Daily Mirror newspaper.

The visit follows the meeting of Sri Lankan Envoy to New Delhi Milinda Moragoda with Foreign Minister S Jaishankar and Finance Minister Nirmala Sitharaman on June 20, the report said. India has provided multi-pronged assistance to the people of Sri Lanka in recent months, in line with its Neighborhood First policy and as a serious friend and partner to Sri Lanka.

Assistance from India ranges from nearly US$3.5 billion in economic aid to ensuring Sri Lanka’s food, health and energy security by supplying essential commodities such as food, medicines, fuel, kerosene, etc., the government said indian high commission here. On Wednesday, Sri Lankan Prime Minister Ranil Wickremesinghe announced in Parliament that a team of senior Reserve Bank of India (RBI) officials would arrive in Colombo on Thursday to assess the economic situation there.