PM Modi extends financial assistance of USD 450 million to Sri Lanka after meeting Gotabaya Rajapaksa
Prime Minister Narendra Modi announced on Friday a financial assistance of USD 450 million to Sri Lanka including USD 50 million to fight terrorism after he held "fruitful" talks with the island nation's newly elected President Gotabaya Rajapaksa.
The talks focused on issues like fulfilling aspirations of the Tamil community in Sri Lanka, ways to boost security and trade ties and address concerns of the fishermen.
In his media statement after the talks, Modi said he assured Rajapaksa of India's full assistance in taking his country in the path of rapid development.
The prime minister announced a line of credit of USD 400 million for development projects in Sri Lanka besides granting a separate fund of USD 50 million to help the country deal with challenges of terrorism.
Sri Lankan capital Colombo was hit by a series of bombings in April in which over 250 people were killed.
"I have discussed in detail with President Rajpaksa how to strengthen our mutual cooperation in dealing with terrorism. Sri Lankan police officers are receiving training on countering terrorism in prominent Indian institutions," Modi said.