High Commissioner of Sri Lanka to India, Milinda Moragoda on Tuesday met Finance and Corporate Affairs Minister Nirmala Sitharaman ahead of G20 Finance Ministers’ Meeting. During the discussion, High Commissioner Moragoda once again thanked Minister Sitharaman for the unprecedented emergency assistance that India has extended to Sri Lanka and for the timely issuance of India’s financial assurances to the International Monetary Fund, concerning the country’s debt restructuring process, read High Commission of Sri Lanka in India press release. The meeting between the Finance Minister and the High Commissioner of Sri Lanka took place just ahead of the first meeting of the G20 Finance Ministers scheduled to be held on February 24-25, 2023 in Bengaluru, chaired by Minister Sitharaman. The High Commissioner also thanked India and Minister Sitharaman for the assistance being provided to Sri Lanka in the present economic recovery phase, in particular for the necessary regulations and approvals that are being set in place to facilitate rupee trade between the two countries. The discussion also focused on the ways and means to utilize the available resources in the 1 billion USD Indian line of credit to import urgently required essential pharmaceuticals, which are in short supply in Sri Lanka, added the release. Moragoda briefed Minister Sitharaman on Sri Lanka’s ongoing discussions with the International Monetary Fund to obtain the Extended Fund Facility and the present status of the country’s debt restructuring process. (ANI)
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