The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway inflation and a steep recession - the worst such crisis since independence from Britain in 1948.
"It is difficult to give details of the debt restructuring negotiations because of the confidentially of discussions," Deputy Treasury Secretary Priyantha Ratnayake told reporters. "However, we can say that discussions with China are at the final stage and we expect their assurances in the next few days."
"India will encourage greater investments in the Sri Lankan economy, especially in core areas like energy, tourism and infrastructure," Jaishankar told reporters in Colombo. "We count on the government of Sri Lanka to provide a more business friendly environment to create a powerful pull factor." "We felt strongly that Sri Lanka's creditors should take proactive steps to facilitate its recovery," Jaishankar added.
It is nice see kmeigbers helping each outhes
Nothing is free
Translation: cash for your infrastructures....
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