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India says ‘ready to help Sri Lanka in quick economic recovery'

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India's foreign secretary says New Delhi will help the crisis-hit island beyond promised $4bn in loans, swaps and aid.
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Indian officials in Sri Lanka for talks on ailing economy

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Senior Indian officials are in Sri Lanka for talks on how to help the island nation weather an unprecedented economic crisis
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Indian officials in Sri Lanka for talks on ailing economy

Indian officials in Sri Lanka for talks on ailing economy

1 day ago   |   By

Senior Indian officials began talks Thursday with Sri Lankan leaders on economic assistance, a day after Prime Minister Ranil Wickremesinghe announced the country's economy had “collapsed.”
Sri Lankans have endured months of shortages of food, fuel and other necessities due to the country's dwindling foreign exchange reserves and mounting debt, worsened by the pandemic and other longer term troubles.
India's foreign secretary and the chief government economic adviser met with President Gotabaya Rajapaksa and Wickremesinghe and were later scheduled to meet other top officials.
Indian...
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EXPLAINER: Why Sri Lanka's economy collapsed and what's next

1 day ago   |   By

COLOMBO, Sri Lanka - Sri Lanka's prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund.
Prime Minister Ranil Wickremesinghe, who took office in May, was emphasizing the monumental task he faces in turning around an economy he said is heading for “rock bottom.”
Sri Lankans are skipping meals as they endure shortages, lining up for hours to...
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