Home » India pledges steadfast support for SL’s economic recovery and debt restructuring initiatives

India pledges steadfast support for SL’s economic recovery and debt restructuring initiatives

written by MIAP Source

January 09, Colombo (LNW): In a recent meeting between the High Commissioner of India in Sri Lanka and the Governor of the Central Bank of Sri Lanka (CBSL), the High Commissioner reaffirmed India’s commitment to being a reliable partner in Sri Lanka’s economic recovery efforts.

Discussions centred around key initiatives, including the early introduction of the Unified Payments Interface (UPI) payment system in Sri Lanka.

Additionally, there were talks about fostering growth in Indian Rupee (INR) trade settlements and India’s support in Sri Lanka’s ongoing debt restructuring process.

“The High Commissioner reiterated that India will continue to be a steadfast partner in Sri Lanka’s economic recovery in his meeting with the CB Governor. Discussed early launch of his UPI payment system in Sri Lanka, growing in INR trade settlements and India’s support in Sri Lanka’s debt restructuring process,” the Indian High Commission wrote on its official X handle.

This reaffirms the enduring partnership between the two nations, emphasising collaborative efforts for economic development and stability.

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written by MIAP Source

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