India open to additional $2 bln aid for Sri Lanka with eye on China…

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    Mr Morrison maintained that the bulk of the $741 million package, which includes funding for flood-proofing measures and a property buyback program, was for matters that were usually the responsibility of the state.

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    Sri Lanka is due to formally start loan negotiations with the International Monetary Fund on Monday, and one of the Indian sources said that would be critical in New Delhi agreeing to more aid for the country.

    The island nation of 22 million people has been hit by prolonged power cuts, with drugs, fuel and other items running short, bringing angry protesters out on the streets and putting President Gotabaya Rajapaksa under mounting pressure.

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