The economic condition of the neighboring country Sri Lanka, which is battling civil war, has become very bad. Sri Lanka has an external debt of 56 billion dollars. China alone has a large share in this. This amount is so big for Sri Lanka, which at present it does not see any way to get it off. Sri Lanka has to pay two billion dollars only in the form of interest on this loan. Due to the deteriorating situation in the country, incidents of violence and arson are happening continuously. Protesters who took to the streets against the policies of the government burnt down the PM’s house including many leaders.
After this, orders have been given to shoot the protesters in Sri Lanka. Meanwhile, India’s Foreign Ministry spokesperson Arindam Bagchi said that as a close neighbor of Sri Lanka, India fully supports democracy, stability and economic recovery with historical ties. Sri Lanka has an external debt of $ 56 billion. He has to pay two billion dollars in interest. Sri Lanka have already declared themselves as defaulters. If he fails to repay this loan, the financial agencies can declare him a defaulter.
There is currently no way for Sri Lanka to come out of this situation. The reality is also that the worst effect of this situation is falling on the general public there. There is a severe shortage of food items in the country. Apart from this, there is also a huge shortage of medicines. The prices of essential commodities are skyrocketing. When it comes to repaying the foreign debt, Sri Lanka is not so strong financially at the moment. In such a situation, there is a high possibility that various financial agencies may declare Sri Lanka as a defaulter in July. External Affairs Ministry Spokesperson (MEA) Arindam Bagchi said that India fully supports democracy, stability and economic recovery of the island in Sri Lanka. does.
The remarks come at a time when nationwide protests against the Sri Lankan government have intensified. The remarks come at a time when nationwide protests against the Sri Lankan government have intensified in the past few days. There has been a situation like civil war. This has resulted in an increase in the incidents of clashes with the security forces deployed at the protest sites. Responding to media queries on developments in Sri Lanka, Official Foreign Ministry Spokesperson Arindam Bagchi said that as a close neighbor of Sri Lanka, India fully supports democracy, stability and economic recovery with historical ties.
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