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India Supports Sri Lanka’s Debt Restructuring Process

by Cobus van Staden
Sri Lanka's State Minister of Foreign Affairs Tharaka Balasuriya received Indian Minister of External Affairs S. Jaishankar who arrived in Sri Lanka on 19 January 2022 on a two-day official visit. Image via @MFA_SriLanka

Sri Lanka has reportedly secured India’s support for its debt restructuring process. According to Reuters, an Indian Finance Ministry official sent a message to the International Monetary Fund that it “strongly supports” the debt-ridden country’s economic recovery plan.

Indian External Affairs Minister S. Jaishankar is in Sri Lanka, hot on the heels of a Chinese delegation led by Chen Zhou, the deputy head of the International Department of the CPC Central Committee. The latter also signaled China’s support, telling Sri Lanka, “You will have good news soon.”

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