Backing Sri Lanka, India sends financing assurances to IMF

  China, Japan and India are Sri Lanka’s biggest bilateral creditors and their financing assurances are critical to getting a $2.9 billion package from the IMF; Japan also expected to send assurances soon India sent financing assurances to the International Monetary Fund (IMF) on Monday, becoming the first of Sri Lanka’s creditors to officially back the crisis-hit island nation’s debt restructuring programme. The development comes days ahead of External Affairs Minister S. Jaishankar’s scheduled visit to Colombo on January 19 and 20, and just as Sri Lankan leaders concluded talks with a visiting high-level delegation of the Communist Party of China.(The Hindu)