India to provide $450 million to cyclone-ravaged Sri Lanka
Summary
India has pledged $450 million to aid Sri Lanka's recovery from Cyclone Ditwah, which caused extensive damage and over 640 deaths. The assistance includes concessional loans, grants, and relief materials to restore connectivity and support economic growth.
Key Points
- India has committed $450 million in assistance to help Sri Lanka recover from Cyclone Ditwah.
- The cyclone killed over 640 people and caused approximately $4 billion in damage, about 4% of Sri Lanka's GDP.
- The aid package includes $350 million in concessional credit and $100 million in grants.
- India has also provided relief materials and military assistance to restore connectivity in Sri Lanka.
