India’s $1bn credit line to Sri Lanka is used for food, medicine, not water cannons: Embassy

Dismissing reports that the Sri Lankan government has imported vehicles equipped with water cannons under a line of credit granted by the Indian government, the Indian residing in Sri Lanka said: “Such incorrect reports are not make no constructive contribution to the cooperation and efforts undertaken to deal with the problem. constant challenges. »

They further affirmed that the $1 billion line of credit in Sri Lanka is meant to help the people of the country to provide food, medicine and other essential items that the people need in the current situation.

Meanwhile, the Sri Lankan government has once again declared a state of emergency in the country. The government has said it is necessary to tackle the unprecedented economic crisis gripping the country, even as President Gotabaya Rajapaksa has been criticized by the opposition and foreign envoys for his decision which gives the forces of security the power to repress peaceful demonstrations.

At a special Cabinet meeting on Friday, the embattled president declared a state of emergency with effect from midnight Friday. This is the second declared emergency in just over a month.

Sri Lanka is currently in the throes of an economic crisis not seen since its independence from Britain in 1948. The crisis is caused in part by a lack of foreign currency, which means the country cannot afford to pay imports of staple foods and fuel, leading to acute shortages and very high prices.

Thousands of protesters have taken to the streets of Sri Lanka since April 9, as the government ran out of money for vital imports; commodity prices have soared and there are severe shortages of fuel, medicine and electricity supplies.

Despite mounting pressure, President Gotabaya Rajapaksa and his older brother and Prime Minister Mahinda Rajapaksa refused to leave office.

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