According to experts, amidst the pandemic and time for polls in Sri Lanka, both India and China have diverse avenues to deepen.
Background development:
Despite having watched the India-China stand-off at Galwan Valley closely because two of its closest partners were on either side of the tension, Sri Lanka did not comment on the development.
India was facing East Container Deal with the Sri Lanka.
Around the same time, India was holding close and constructive discussions with Sri Lanka, on Colombo’s pending request for a debt totalling $960 million freeze, and for swapping currency under bilateral and SAARC arrangements.
Indian Deal:
The Reserve Bank of India has agreed to a $400 million currency swap facility for Sri Lanka till November 2022.