More financial cooperation from India, on the way

15 January 2022 12:00 am Views - 100

• There were four pillars of financial support agreed
• India announced the extension of US$ 900 million foreign  exchange support including the US$ 400 million currency swap
• Other pillars of support are in progress at the moment

 By Kelum Bandara   
In addition to the extension of US$ 4,900 million support, India and Sri Lanka are working out other pillars of financial cooperation agreed upon during Finance Minister Basil Rajapaksa’s visit to New Delhi last month, an informed source said .   

During discussions, there were four pillars of financial support agreed. The currency swap arrangement, the food and health security package, energy security package and facilitation of investments are the four points. 

 
India, on Thursday, announced the extension of US$ 900 million foreign exchange support including the US$ 400 million currency swap.   

According to informed sources, other pillars of support are in progress at the moment. 

 
 External Affairs Minister Dr. S Jaishankar had tweeted that India would support Sri Lanka during these difficult times after the phone call with his counterpart Prof. G.L Peiris on January 6, 2022.