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Search resuls for: "Uditha Jayasinghe Devjyot Ghoshal"


2 mentions found


☆ Exclusive: Sri Lanka in talks to extend $1 bln Indian credit line as IMF deal looms - sources
  + stars: | 2023-03-07 | by ( Uditha Jayasinghe Devjyot Ghoshal | Uditha Jayasinghe | Devjyot Ghoshal | ) www.reuters.com   time to read: +2 min
Sri Lanka's finance ministry and India's foreign ministry did not immediately respond to requests for comment. He said China, Sri Lanka's biggest lender, extended support for the IMF programme on Monday, clearing the way for the loan. The IMF said its board would meet on March 20 to review a preliminary staff-level agreement first signed with Sri Lanka in September. It said Sri Lanka had secured financing assurances from all major bilateral creditors. China and India are Sri Lanka's biggest lenders and both seek influence on the island located on a busy shipping route on the Indian Ocean.
☆ India makes inroads into Sri Lanka under China's long shadow
  + stars: | 2022-12-27 | by ( Uditha Jayasinghe Devjyot Ghoshal | Uditha Jayasinghe | Devjyot Ghoshal | ) www.reuters.com   time to read: +10 min
[1/3] Drivers push auto rickshaws in a line to buy petrol from a fuel station amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29, 2022. India's foreign ministry did not respond to questions from Reuters on its plans and strategic aims in Sri Lanka. New Delhi has long been concerned about China's clout in its neighbourhood, including Nepal, Bangladesh and Sri Lanka. "And as far as Sri Lanka is concerned, we don't want to contribute to any escalation of tension between any countries." "Sri Lanka has clearly benefited from being the closest neighbour to the most powerful country in the region.
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