On the International Monetary Fund's (IMF) announcement of nearly $2.9 billion in loans to Sri Lanka, India on Thursday said it has been advocating aid to the beleaguered country, though issues of "lender equity and transparency" remain important. The IMF has agreed to give a loan of $ 2.9 billion over four years to Sri Lanka, which is facing a severe economic crisis, under a preliminary agreement. This will help Sri Lanka to overcome the economic problem and protect the livelihood of the people.
In this regard, Ministry of External Affairs Spokesperson Arindam Bagchi said, "We have seen the IMF's release regarding the agreement. It aims at macroeconomic stability, debt sustainability, protection of affected people, and expediting organizational reforms. Bagchi said, for this process to go ahead, approval is needed from within the IMF itself. Will have to see what happens next. When Bagchi was asked what was a provocation by Sri Lanka to allow China's 'spy ship' to come here? "I don't know whether the situation should be viewed this way or not.
Ambassador to lead India at Eastern Economic Forum
The Indian delegation to the upcoming meeting of the Eastern Economic Forum (EEF) in Vladivostok (Russia) will be led by the Indian Ambassador to Russia Pavan Kapoor. The seventh meeting of the Eastern Economic Forum will be held on September 5-8. Regarding the exercise in Vostok, Arindam Bagchi said, India has been participating regularly in military exercises in Russia.
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