EAM Jaishankar discussed India’s significant support for Sri Lanka during its 2022 economic crisis, highlighting a financial aid package exceeding $4 billion. He stressed mutual responsibilities between neighbors and reaffirmed India’s commitment to fostering Sri Lanka’s recovery and bilateral relations in line with the Neighbourhood First Policy.
External Affairs Minister S. Jaishankar addressed the economic situation in Sri Lanka, highlighting India’s proactive support during the country’s severe economic crisis in 2022. He emphasized that the Indian government, under Prime Minister Modi, provided over $4 billion in aid, which significantly exceeded the IMF package offered to Sri Lanka. Jaishankar stated that while India often extends assistance generously, it also expects neighboring nations to recognize India’s interests and sensitivities.
During his address at the Chatham House in London, Jaishankar reaffirmed India’s commitment to bolster Sri Lanka’s economic recovery, aligning with India’s Neighbourhood First Policy and SAGAR outlook. Sri Lanka’s pivotal maritime role in the Indian Ocean Region further underscores its importance to Indian regional initiatives.
The External Affairs Minister’s recent visit marked the first high-level engagement with Sri Lanka since Anura Kumara Dissanayake assumed leadership of the National People’s Power government. Jaishankar had previously engaged with Dissanayake, emphasizing the mutual growth potential through enhanced cooperation. The longstanding partnership between India and Sri Lanka, cultivated through shared regional interests, is poised to continue fostering bilateral relations.
In summary, India’s strategic assistance to Sri Lanka during its economic turmoil exemplifies the commitment to regional cooperation. EAM Jaishankar’s remarks underscore the balance of mutual responsibility between neighboring nations, while reaffirming India’s dedication to supporting Sri Lanka as it navigates its recovery. This partnership is integral to both countries, reflecting a cooperative spirit consistent with India’s Neighbourhood First Policy.
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