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After Basil, Mahinda visits to India

Sri Lankan Prime Minister Mahinda Rajapaksa left to India yesterday (23) for a two day Private visit, Colombo sources said.

Mahinda left for Thirupathi to visit the temple and seek blessings and will return back on Saturday.

Sri Lanka is heading for a financial default, the Fitch Ratings agency downgraded the Sri Lanka to ‘CC’, from ‘CCC’ due to the increased probability of a default event in coming months in light of Sri Lanka’s worsening external liquidity position.

Sri Lankan finance Minister Basil Rajapaksa visited India with the financial request and met with his Indian counterpart Nirmala Sitharaman and foreign minister S.Jaishankar. After the visit, Indian media reported that India had agreed on a ‘four-pillar initiative’ to address the economic crisis in its smaller neighbour.

Prime Minister Mahinda Rajapaksa has now visited New Delhi with the begging bowl as Sri Lanka needs pay up US$ 6.9 billion of foreign loan payments next year.


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