‘India is the greatest…’: Sri Lankan minister on economic reforms in the island nation: All countries together did not do what India did for them
[ad_1]
ANI
The minister also spoke on the current situation in Sri Lanka and said that inflation is under control and the local currency has stabilised. “Sri Lanka has come a long way since the collapse of last May-June. We have inflation under control, the rupee has stabilised, queues are no more, tourism has bounced back.
Sri Lanka thanked India for its efforts to help the island nation overcome the economic crisis last year. Sri Lankan Foreign Minister MUM Ali Sabri said that all other countries together have not done what India did for their country. “India is the biggest partner in our recovery and stabilisation. ANI quoted the minister as saying that I think all other countries together have not done what India did for us. The US$ 3.9 billion line of credit gave us a lifeline to fight another day. We are very grateful to India.
The minister also spoke on the current situation in Sri Lanka and said that inflation is under control and the local currency has stabilised. “Sri Lanka has come a long way since the collapse of last May-June. Our inflation is under control, the rupee has stabilised, queues are no more, tourism has bounced back and Sri Lankans have started sending their money back through normal channels. The IMF is expecting the EFF event by the end of this month. So, I think we’re back on the path to recovery.
other news
[ad_2]
Source link
