India Srilanka Relation: Pakistan shocked, China upset, Sri Lanka took such a step for India
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Sri Lanka has used the first tranche of loan from IMF to repay India’s debt. That is, Sri Lanka took a loan from the IMF and repaid India’s debt. Sri Lanka has told that $ 120 million has been used to repay the loan taken from India.
The effect of India’s tremendous diplomacy has been seen in Sri Lanka. Sri Lanka, which is facing severe economic crisis, has received a huge loan from the IMF. Sri Lanka has got this loan at a time when Pakistan is also trying to get money from IMF. But Pakistan did not get a penny. But after India’s personal guarantee, the IMF has comfortably given a loan of $ 330 million to Sri Lanka. While Sri Lanka got the loan, Sri Lanka used it in such a way that surprised Pakistan and China.
Sri Lanka has used the first tranche of loan from IMF to repay India’s debt. That is, Sri Lanka took a loan from the IMF and repaid India’s debt. Sri Lanka has reported that $120 million has been used to repay the loan taken from India. Means 330 to Sri Lanka from IMF million dollars and out of that he Gave 120 million dollars to India.
On the other hand, Pakistan is still waiting for USD 1.1 billion from the IMF. In fact, in November last year, Pakistan was about to get US $ 1.1 billion in aid from the IMF. But IMF has not given this help till now, while Sri Lanka has got this help. Sri Lankan President Ranil Wickremesinghe has thanked India and China after getting the IMF bailout package.
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