India backs Sri Lanka to secure IMF bailout plan

10 months ago

COLOMBO, Sri Lanka (AP) — India’s foreign minister said Friday his country has given financial assurances to the International Monetary Fund to facilitate a bailout plan to help neighboring Sri Lanka emerge from its worst economic crisis, in a first formal announcement from one of the island nation’s creditors. India’s Foreign Minister S. Jaishankar announced the support while on a two-day