![EAM Jaishankar Assures Support For Sri Lanka's Development Initiatives. EAM Jaishankar Assures Support For Sri Lanka's Development Initiatives.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Funtitled-design-20240620t193007237jpg_1718892017937.jpg&w=3840&q=8)
June 20, 2024, 07:00 AM - 3 mins read
External Affairs Minister (EAM) S. Jaishankar recently visited Sri Lanka, where he met with key leaders and expressed confidence in India's ongoing development and connectivity initiatives in the island nation. Jaishankar emphasised the importance of these initiatives in meeting the aspirations of the Sri Lankan people and contributing to their socio-economic progress.
Read more![India Sri Lanka Cooperation to Deepen With EAM Jaishankar Visit. India Sri Lanka Cooperation to Deepen With EAM Jaishankar Visit.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Funtitled-design-20240619t153921925jpg_1718791779900.jpg&w=3840&q=8)
June 19, 2024, 03:09 AM - 3 mins read
External Affairs Minister S. Jaishankar is set to visit Sri Lanka on Thursday, marking his first bilateral trip abroad during his second consecutive term in office. This visit underscores India’s "Neighbourhood First Policy" and highlights New Delhi's ongoing commitment to Sri Lanka, considered its "closest" maritime neighbour and a long-standing ally.
Read more![In a press briefing held on Thursday, Sri Lanka's State Minister of Finance, Ranjith Siyambalapitiya, asserted that despite the country's announcement of default in 2022, it has adhered to stringent financial measures while making tough decisions aimed at strengthening economic recovery. In a press briefing held on Thursday, Sri Lanka's State Minister of Finance, Ranjith Siyambalapitiya, asserted that despite the country's announcement of default in 2022, it has adhered to stringent financial measures while making tough decisions aimed at strengthening economic recovery.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsl-ranithjpeg_1714644871252.jpeg&w=3840&q=8)
May 2, 2024, 03:14 AM - 2 mins read
Despite these efforts, discussions with sovereign bondholders to restructure approximately USD 46 billion of debt are ongoing. However, progress has faced hurdles, as the IMF rejected a proposal from private bondholders in March, citing misalignment with desired debt sustainability parameters.
Read more![Sri Lanka and India will review all the existing bilateral economic projects to ensure their timely implementation in a bid to enhance the bilateral economic ties, according to a statement issued by the office of President Ranil Wickremesinghe. Sri Lanka and India will review all the existing bilateral economic projects to ensure their timely implementation in a bid to enhance the bilateral economic ties, according to a statement issued by the office of President Ranil Wickremesinghe.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Franilwickremesinghewithnarendramodi1jpg_1711812273793.jpg&w=3840&q=8)
March 30, 2024, 08:20 AM - 2 mins read
"It was mutually agreed to engage in this review process on a quarterly basis, demonstrating a commitment to ensuring effective progress in bilateral economic cooperation," said the statement.
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