Moragoda meets with Indian Finance Minister

COLOMBO (News 1st); Sri Lankan High Commissioner and the Indian Finance Minister evaluated the status of ongoing economic cooperation between the two countries during a meeting this evening (27).

Following his meeting in mid-April, Sri Lanka's High Commissioner to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Nirmala Sitharaman to evaluate the status of ongoing cooperation and to discuss the way forward.

High Commissioner Moragoda briefed Minister Sitharaman on the present developments in Sri Lanka, and reiterated that Sri Lanka would require bridging finance until the economic adjustment programme with the IMF could be negotiated and finalized.

In this context, the Minister and the High Commissioner also explored the possibility of increasing and restructuring the assistance provided by India in the form of credits for essential commodities and fuel as well as balance of payment support.

Accoridingly, it was agreed that the established official-level mechanism for conducting the economic dialogue between the two countries should continue.