Prime Minister Ranil Wickremesinghe said a delegation of three top level Indian officials will reach the country today (23) to discuss providing further economic assistance to Sri Lanka. The Prime Minister noted, “This is not an easy task ahead of us. India gave as many credit lines as possible, but now even Indian banks have certain issues regarding providing further assistance.”
Prime Minister Ranil Wickremesinghe made this observation while making a special statement in parliament yesterday (22) regarding the developments related to finding solutions to the economic crisis suffered by the country.
“Currently, the Ceylon Petroleum Corporation is US$ 700 million in debt. As a result, no country or organisation in the world is willing to provide fuel to us. They are even reluctant to provide fuel for cash. We have taken loans amounting to US$ 40 Bn under the Indian Credit Line. We have requested more loan assistance from our Indian counterparts. But even India will not be able to continuously support us in this manner. Even their assistance has its limits. On the other hand, we too must have a plan to repay these loans. These are not charitable donations.” PM Wickremesinghe also said.
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