India First in Backing IMF Aid to Sri Lanka

1. Modi government promptly supported Sri Lanka's debt relief through the IMF.

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3. Financing and debt relief will be provided through the Export-Import Bank of India.

4. The IMF program aims to lower Sri Lanka's public debt-to-GDP ratio to less than 95% by 2032 (from 130% in 2022).

5. In the period 2027-2032, the central government's annual gross financing must be less than 13% of GDP on average.

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6. The goal is to close the external financing gap in Sri Lanka.

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7. India also anticipates that Sri Lanka will seek adequate financing from multilateral development banks.

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Thank you!

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