India Finalises plans to revive ‘Sri Lankan Economy’

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New Delhi: As Sri Lanka battles to revive its battered economy, New Delhi and Colombo have agreed on a four-point cooperation package consisting of urgent food and health security, energy security, currency swap, and Indian investments as the major focus.

This Term plan was decided during Sri Lanka Finance Minister Basil Rajapaksa’s visit to India a few days ago. He met his Indian counterpart Nirmala Sitharaman and External Affairs Minister S Jaishankar, among others before the plan was chalked out by India and Lanka.

The brother of Sri Lanka Prime Minister Mahinda Rajapaksa and President Gotabaya Rajapaksa, Basil Rajapaksa is considered a political strategist. He was a close aid of Mahinda Rajapaksa when he was President.
As per the statement issued by the Sri Lanka High Commission in New Delhi, the two sides discussed “four pillars” for short- and medium-term cooperation in order to revive the collapsing Lanka.

The statement added, The Sri Lanka Finance Minister also discussed issues of mutual importance pertaining to the bilateral relationship. It stated, “Both sides expressed satisfaction over the evolving trajectory of the bilateral relationship. During the discussions, ways, and means through which the existing bilateral economic relationship between the two countries could be further broadened and deepened.”

The ministers also nodded to direct lines of communication to coordinate the initiatives.

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