"We are definitely looking to help them out and are willing to offer more swap lines and loans," said an Indian source aware of various discussions with Sri Lanka. India's government and its central bank, as well as Sri Lanka's foreign and finance ministries, did not immediately respond to requests for comment. India has so far committed $1.9 billion to Sri Lanka in loans, credit lines and currency swaps. Sri Lanka has also sought another $500 million credit line for fuel. Sri Lanka has an outstanding debt of about $3.5 billion with China - or 10.8% of the island's total - and Beijing has also built ports and roads in the country.

Source: The Nation April 14, 2022 19:56 UTC