Sri Lanka and India discuss way forward in bilateral economic cooperation

Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Minister of Finance and Corporate Affairs of India Smt. Nirmala Sitharaman in New Delhi today (March 21).

This was the latest of a series of meetings High Commissioner Moragoda has had with Minister Sitharaman since November 2021 on Indian economic cooperation and assistance to Sri Lanka in the context of the present economic crisis.

At the outset, High Commissioner Moragoda thanked Minister Sitharaman for the leadership that the government of India took towards the realization of the International Monetary Fund’s Extended Fund Facility (EFF) Arrangement for Sri Lanka.

He particularly thanked Minister Sitharaman for her personal involvement in taking up Sri Lanka’s case with bilateral development partners as well as multilateral financial agencies including the IMF in this context.

Minister Sitharaman and High Commissioner Moragoda also discussed the way forward in bilateral economic cooperation. The ways and means to attract Indian investments to Sri Lanka, enhance bilateral trade, particularly through Indian Rupee trade expansion and increase the inflow of Indian tourists to Sri Lanka were explored and discussed.

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