Sri Lankan High Commissioner Milinda Moragoda on Friday met Finance Minister Nirmala Sitharaman and explored the possibility of India increasing its financial assistance to the island nation to help it deal with its severe economic crisis.
In the meeting, Moragoda reiterated that Sri Lanka would require "bridging finance" until the economic adjustment programme with the IMF could be negotiated and finalised, according to the Sri Lankan High Commission.
"In this context, the minister and the High Commissioner explored the possibility of increasing and restructuring the assistance provided by India in the form of credits for essential commodities and fuel as well as the balance of payment support," it said in a statement.