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India to support crisis-hit Sri Lanka's economic recovery

India to support crisis-hit Sri Lanka's economic recovery

COLOMBO: India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday as India signalled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbour.
Sri Lanka is facing its worst economic crisis in seven decades, with a severe foreign exchange shortage hampering the import of essentials, including food, fuel and medicines.
The island nation off the tip of southern India needs about $5 billion in…


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