India to provide $450 million to cyclone-ravaged Sri Lanka
Summary
India pledges $450 million to assist Sri Lanka in recovery from Cyclone Ditwah, which caused massive damage and loss of life last month.
Key Points
- India has committed $450 million in humanitarian aid to Sri Lanka following Cyclone Ditwah.
- The cyclone killed over 640 people and caused $4 billion in damages, about 4% of Sri Lanka's GDP.
- India's assistance includes $350 million concessional credit and $100 million in grants plus relief materials and military support.
- The aid comes as Sri Lanka recovers from its severe 2022 economic crisis with IMF support.
