Ranil Wickremesinghe to meet Modi in India

Ranil Wickremesinghe to meet Modi in India

The  President who has been attending funerals and memorials is planning to meet PM Modi to sort out the financial crisis.
As things are at the moment the IMF is nowhere near and further Indian help may be needed to survive the crisis.

President said,

“We are continuing our talks with India. During my brief meeting with Prime Minister Modi in Japan, I conveyed my wish to visit New Delhi to brief them on our situation.” 

.Analyst Rathindra Kuruvita said

“India seems to be making a strategic error by banking on the Ranil Wickremesinghe administration. India’s backing of Wickremesinghe is bringing together groups that look at India with suspicion.”

This sentiment of suspicion may be an obstacle that needs to be overcome in the coming days to get more support from India.

India’s credit lines have come to an end and India has previously said that until an IMF bailout is worked out no further commitments could be made.
Sri Lanka has started debt restructuring talks with China.

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