India rushes food, medicine to bankrupt Sri Lanka

COLOMBO: Sri Lanka accepted a rice and pharmaceuticals shipment from neighboring India on Friday as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty. A critical shortage of foreign currency has left Sri Lanka unable to pay for enough imported food, fuel and medicines to meet demand … Read more

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 signaled 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 … Read more