Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Uditha Jayasinghe

India starts debt-restructuring talks with Sri Lanka, vows support

FILE PHOTO: A man travels in a train as the Colombo harbour is seen, amid the country's economic crisis in Colombo, Sri Lanka, April 20, 2022. REUTERS/Dinuka Liyanawatte

India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to support the crisis-hit neighbour mainly through long-term investments after providing nearly $4 billion of financial aid.

Sri Lanka, a tourism-dependent South Asian country of 22 million, is struggling with its worst economic crisis in more than seven decades, which has led to shortages of essentials and the ouster of a president.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.