India’s Commitment to Sri Lanka: EAM Jaishankar Discusses Aid and Responsibilities

This article discusses External Affairs Minister S. Jaishankar’s remarks on India’s support to Sri Lanka during its 2022 economic crisis, highlighting a financial aid package exceeding $4 billion. Jaishankar emphasizes the importance of mutual responsibilities between neighboring countries, marking his visit as pivotal in fortifying India-Sri Lanka relations, guided by strategic policies aimed at regional stability.

External Affairs Minister S. Jaishankar addressed the current situation in Sri Lanka, highlighting India’s aid during its economic crisis in 2022. He emphasized the Indian government’s commitment to support Sri Lanka, asserting that India provided over $4 billion to help the nation overcome its financial difficulties, which also contributed to political instability.

During his remarks at Chatham House, Jaishankar reflected on India’s consistent assistance to Sri Lanka, stating, “When Sri Lanka had a very serious financial crisis while the rest of the world largely sat on its hands, we actually came forward with a package of, more than $4 billion.” He underscored that while India extends generous support, it also expects its neighbors to acknowledge India’s interests and sensitivities.

Furthermore, Jaishankar marked his visit as significant, being the first foreign dignitary to arrive in Sri Lanka following the establishment of the new NPP government led by Anura Kumara Dissanayake in September 2022. He reaffirmed India’s unwavering support for Sri Lanka’s reconstruction efforts, guided by India’s Neighbourhood First Policy and the SAGAR initiative.

Sri Lanka, an important maritime neighbor of India, is integral to India’s regional strategies. The nation declared its first sovereign default in April 2022, resulting in severe economic crisis and political upheaval. India’s substantial assistance—amounting to nearly $4 billion—was crucial in addressing Sri Lanka’s defaults on over $51 billion in foreign loans.

Prior discussions between Jaishankar and President Dissanayake have fostered optimism about enhanced cooperation between India and Sri Lanka. Their talks underscore the long-standing relationship and shared commitments between the two nations, emphasizing mutual benefits guided by common regional policies.

India remains committed to deepening ties with Sri Lanka to advance the welfare of both nations, reinforcing its role as a supportive neighbor in a time of crisis.

In conclusion, External Affairs Minister S. Jaishankar’s visit to Sri Lanka illustrates the enduring partnership between India and Sri Lanka, particularly in times of economic distress. India’s aid package significantly contributed to Sri Lanka’s recovery efforts, reflecting the commitment to mutual support and cooperation. The relationship, underpinned by India’s Neighbourhood First Policy and the SAGAR initiative, is poised for further strengthening as both countries continue to navigate their shared challenges and opportunities.

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