India is an age-old friend of Sri Lanka.’ Discuss India’s role in the recent crisis in Sri Lanka in the light of the preceding statement. (Answer in 150 words) 10 M – 2022
India is an age-old friend of Sri Lanka. The two countries share a long history of friendship and cooperation, dating back to the time of the Chola Empire in the 11th century. In recent years, India has played a significant role in helping Sri Lanka overcome its economic crisis.
In 2022, Sri Lanka was hit by a severe economic crisis. The country’s foreign exchange reserves had dwindled to dangerously low levels, and it was unable to pay for essential imports such as food, fuel, and medicine. As a result, the country was plunged into a deep recession, and the people were suffering.
In response to the crisis, India extended billions of dollars in financial assistance to Sri Lanka. This included loans, credit lines, and fuel shipments. India also sent food and medicine to help the people of Sri Lanka.
- In March 2022, India extended a $1 billion loan to Sri Lanka.
- In April 2022, India provided a $500 million credit line to Sri Lanka to import essential goods.
- In May 2022, India sent a shipment of 40,000 metric tons of rice to Sri Lanka.
- In June 2022, India sent a shipment of 200,000 metric tons of fuel to Sri Lanka.
India’s role in the Sri Lankan crisis is a testament to the country’s commitment to its neighbors and the importance of regional cooperation. India’s role in the Sri Lankan crisis is also a reminder of the importance of regional cooperation. India and Sri Lanka are two close neighbors, and they share many common interests. By working together, India and Sri Lanka can help to address the challenges that they face, and they can build a more prosperous and stable future for the region.
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