India on Saturday defeated Sri Lanka (Sri Lanka) rejected the reports claiming to send a water cannon vehicle. Actually, it was claimed in media reports that India had supplied a water cannon vehicle to Sri Lanka under a credit line of one billion US dollars. Sri Lanka is currently facing a deep economic crisis. The Indian High Commission in Colombo issued a statement saying that it has seen reports that a water cannon vehicle was imported to the Sri Lankan government under a line of credit extended by India.
The Indian High Commission said, ‘These reports are factually incorrect. Water cannon vehicles have not been supplied under any line of credit extended by India. The High Commission further said that the purpose of the credit line of one billion US dollars to Sri Lanka is to provide food, essential medicines and other essential commodities for the people there in the current situation. “Such false reports do not contribute constructively to the cooperation and efforts being made to meet the challenges faced by the people of Sri Lanka,” it said.
Economic crisis continues in Sri Lanka
Sri Lanka is facing its worst economic crisis due to lack of foreign exchange reserves. Because of this, the government has been forced to cut imports. The import ban on drugs and fuel has triggered nationwide protests against the Gotabaya Rajapaksa-led ruling government. People have been forced to stand in queues for cooking gas and other essentials. Because of this, the anger of the people against the government is increasing. With no foreign exchange to pay for imports, the government is facing fuel shortage. Due to this the power supply has also been affected.
We have seen reports that a water canon vehicle was imported by Government of #SriLanka under a credit line extended by Government of #India.These reports are factually incorrect. No water canon vehicles have been supplied by #India under any of the credit lines extended by(1/3)
– India in Sri Lanka (@IndiainSL) May 7, 2022
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India extends help to Sri Lanka
In view of the deteriorating situation of Sri Lanka, India extended the credit line for this. The Indian High Commission recently informed that New Delhi has committed over USD 3 billion in loans, lines of credit and credit swaps to Sri Lanka since January this year. It said the US$1 billion loan facility was for the purchase of food, medicines and other essential items. In addition, a separate line of credit of US$ 500 million was given for the purchase of petroleum products such as diesel, petrol and aviation fuel.