Foreign Affairs Minister Ali Sabry last week hailed strong Indo-Lanka ties in context following India’s extension of support and relief for Sri Lanka’s external debt restructuring as the first bilateral creditor to do so and the official visit of External Affairs Minister Dr. S. Jaishankar.
China’s offer to Sri Lanka of a two-year moratorium on its debt is not acceptable as its in adequate and without haircut to enable Sri Lanka to receive the clear the path for the International Monetary Fund (IMF) board approval for US $2.9 billion Extended Fund Facility , informed sources said.