Sri Lankan President Ranil Wickremesinghe will embark on a two-day go to to India on July 21 throughout which he’s anticipated to fulfill Prime Minister Narendra Modi, officers right here mentioned on Sunday.
This will likely be Wickremesinghe’s first go to to India since being appointed president of the cash-strapped nation final 12 months following the ouster of Gotabaya Rajapaksa in a individuals’s rebellion in July. Wickremesinghe was appointed President for the stability time period of Rajapaksa until September 2024.
India’s International Secretary Vinay Mohan Kwatra will arrive in Sri Lanka early subsequent week to work out the preparations for Wickremesinghe’s go to to New Delhi, the Every day Mirror newspaper reported on Saturday.
In response to officers, Wickremesinghe is anticipated to fulfill Prime Minister Modi throughout his two-day go to to India.
Officers mentioned Wickremesinghe will finalise the implementation of a number of Indian initiatives associated to energy and power, agriculture, and maritime points within the island nation forward of his departure for New Delhi.
Fisheries Minister Douglas Devananda, Energy and Power Minister Kanchana Wijesekera, International Affairs Minister Ali Sabry and Chief of President’s Workers Sagala Ratnayake will accompany President Wickremesinghe to India, the Mirror mentioned in its report.
President Wickremesinghe’s proposed go to to India will happen as Sri Lanka’s bankrupt financial system has proven “tentative indicators of enchancment.”
Sri Lanka’s financial system is exhibiting tentative indicators of enchancment, partially as a result of implementation of crucial coverage actions. However the financial restoration stays difficult. Now, greater than ever, it’s important to proceed the reform momentum beneath sturdy possession by each the authorities and the Sri Lankan individuals, Worldwide Financial Fund Deputy Managing Director Kenji Okamura mentioned in June after his official go to to the debt-trapped island nation.
Wickremesinghe has launched painful financial reforms to revive the nation’s financial system.
The nation, which declared its first-ever credit score default in mid-April final 12 months, secured a bailout from the IMF of $2.9 billion in March this 12 months, spanning over 4 years topic to reforms being put in place.
