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.
The prospect of receiving International Monetary Fund ‘Extended Fund Facility (IFF) facility in January and the first quarter of this year is vanishing as the government is still grappling to get assurance from its external creditors for debt restructuring, international analytical reports highlighted.