The High Commission of India in Colombo organised a discussion on the use of the Indian Rupee (INR) for transactions between India and Sri Lanka on Thursday.
The IMF facility would enable the island nation to obtain bridging finance from markets and other lending institutions such as the ADB and the World Bank.
Adani Group has received approval to set up two renewable energy projects in Sri Lanka with a combined investment of $442 million.
The statement from the island nation came after Pazha Nedumaran, a noted nationalist leader in Tamil Nadu, claimed that the top leader of Liberation Tigers of Tamil Eelam (LTTE) "is doing well".
Prabakaran, LTTE leader, was declared killed by the Sri Lankan government troops on May 18, 2009 in Mullaivaikkal in the northern Mullaithivu district.
Interestingly, the country is celebrating its 75th Independence Day on February 4, amid a series of allegations of spending over 300 million Sri Lankan rupees at a time when the country is already seeking assistance from the International Monetary Fund (IMF).
Wickremesinghe, who also holds the finance ministry portfolio, said that in 2022 overall economic growth was larger than expected at - 8 per cent and in 2023 the growth rate could hover somewhere around - 3.5 per cent to - 4 per cent.
Jaishankar, who is in the island nation on a two-day visit, called on President Ranil Wickremesinghe on Friday morning and also held talks with Foreign Minister Ali Sabry.
Although the strength had been halved from around 400,000 since the conflict with the Liberation Tigers of Tamil Eelam (LTTE) ended in 2009, the current strength of 200,000 was termed excessive.
In a historic judgement, the Supreme Court of Sri Lanka held the then leadership guilty of negligence that caused the deadliest attacks on hotels and churches which claimed 270 lives.
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The NIA official said all nine arrests were made from the Trichy special camp housing Tamil refugees from Sri Lanka.
Sri Lanka is currently facing its worst economic crisis since its independence from Britain in 1948. There have been street protests in Sri Lanka against the government since early April due to its mishandling of the economic crisis.
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Sri Lanka anti terror law: The PTA was introduced as a temporary arrangement to counter the campaign of separatist violence by the Tamil minority militant groups in 1979.
SL President Wickremesinghe urged Tamil community parties to discuss their issues with representatives of government.
The fishermen issue is a contentious one in the ties between India and Sri Lanka, with the Lankan Navy personnel even firing at Indian fishermen in the Palk Strait and seizing their boats in several alleged incidents of illegally entering Sri Lankan’s territorial waters.
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