COLOMBO (NewsRadio); Sri Lankan High Commissioner to India Milinda Moragoda has held discussions the Governor of the Reserve Bank of India, Shaktikanta Das to improve bilateral economic cooperation.
The Sri Lankan High Commissioner held talks with the Reserve Bank Governor while on an official visit to Maharashtra.
Indian media reports said High Commissioner Moragoda thanked RBI Governor Das for the support that India has been extending to Sri Lanka in the context of economic stabilisation, particularly the currency swap arrangements and deferment of payments — where RBI was involved.
According to a the report, High Commissioner Milinda Moragoda also thanked India for the leadership it took towards realising the International Monetary Fund’s Extended Fund Facility (EFF) for Sri Lanka.
On the 20th of March, the IMF approved a 48-month arrangement under the Extended Fund Facility of about USD 3 billion to support Sri Lanka’s economic policies and reforms.
Further, during the meeting, the RBI Governor and the High Commissioner had discussed economic recovery in Sri Lanka and the pivotal role India could play in areas such as power, energy, ports, infrastructure, tourism, and IT services.
During the past couple of months, High Commissioner Moragoda met with several other key officials of the Government of India, including Principal Secretary to the Prime Minister of India Pramod Kumar Mishra, Finance Secretary TV Somanathan, Cabinet Secretary Rajiv Gauba, Chairman of the NITI Aayog Parameswaran Iyer and Director General of the National Centre for Good Governance Bharat Lal.
With inputs from ANI