Q. Why is this in News?
India sent written financing assurances to the International Monetary Fund (IMF), becoming the first bilateral creditor of the island nation to officially support its crucial debt restructure programme after last year’s economic meltdown.
Q. What is the Significance of India’s Financing Assurance?
Q. How are India’s Relations with Sri Lanka?
Q. What is the International Monetary Fund (IMF)?
Q. What is the Conclusion?
A. India, which has followed the "Neighbourhood First policy" to cement bonds with its neighbours, can walk that extra mile to help Sri Lanka out of the current crisis and help Sri Lanka towards realising its potential, to reap the rewards of a stable, friendly neighbourhood.