At Atal Bihari Vajpayee Memorial Lecture in Delhi, he underlined that Sri Lanka needs to move away from debt-driven economic model, also spoke about pending economic partnership pact.
Sri Lanka owes over $10 billion to its bilateral lenders, shows govt data. China, though not part of Official Creditors Committee, agrees to 'same terms' for debt it's owed by Colombo.
In an interaction with ThePrint team, High Commissioner Milinda Moragoda discussed topics including Sri Lanka's economic crisis and the need for a 'strategic partnership' with India.
Japanese Finance Minister Shunichi Suzuki said it would be ‘very nice’ if China were to join effort. He was speaking at news conference after G7 finance leaders' meet on Wednesday.
The Presidential office said that while the status change to 'low income country' won't happen, they will request eligibility for loans offered by International Development Association.
Wickremesinghe administration plans to submit a debt restructuring report to IMF by Aug. Showing it can repay debts & that it has the 'longevity to lead the country' will be key.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Sri Lankan political leaders are the most cunning of the lot. They are hard realists and cynical in their approach to international relations.
For the last several decades they have continuously played India, China and the US against each other – all the while getting ship loads of aid money and investments from each of these countries.
Sri Lankan political leaders are the most cunning of the lot. They are hard realists and cynical in their approach to international relations.
For the last several decades they have continuously played India, China and the US against each other – all the while getting ship loads of aid money and investments from each of these countries.
They also supported Pakistan during the 1971 Bangladesh War of Liberation by providing military airbases for the Pakistani Air Force.