Indo-Sri Lanka bilateral projects undergo progress review

In a significant diplomatic development, India and Sri Lanka towards the end of last week reviewed the bilateral economic connectivity between the two nations.
Senior Advisor to the President on National Security and Chief of Presidential Staff Sagala Ratnayaka, led a high-level delegation to New Delhi on March 28, at the invitation of Indian Foreign Secretary Vinay Kwatra.

During the discussion, Kwatra acknowledged the positive momentum in Sri Lanka’s economic growth and emphasised that the current juncture presents an opportune moment for both countries to advance agreed-upon projects.

Ratnayaka expressed gratitude for the extensive Indian assistance that played a crucial role in stabilising the Sri Lankan economy. He provided insights into the on-going negotiations with the IMF and underscored the imperative of pursuing economic growth. Ratnayaka went on to highlight the importance of enhancing economic integration with India through improved connectivity, reflecting on the historical ties that bind the two nations as the closest neighbour.

During the discussions, both sides conducted a comprehensive review of all bilateral projects, focusing on their timely implementation. It was mutually agreed to engage in this review process on a quarterly basis, demonstrating a commitment to ensuring effective progress in bilateral economic cooperation.
The discussions underscored the shared commitment of Sri Lanka and India to strengthen the partnership and foster greater economic collaboration. With both nations poised to capitalise on emerging opportunities, the discussions in New Delhi marked a significant step forward in deepening bilateral ties and advancing mutual interests.