Sri Lankan President Anura Kumara Dissanayake has clarified that the recently signed defense cooperation agreement with India aims to streamline and formalize existing collaborative operations, rather than introducing any new military initiatives.
Speaking at a public meeting in Galle on April 7, the President addressed growing public discourse around the agreement and its broader implications.
He emphasized that Sri Lanka is navigating a challenging geopolitical landscape and acknowledged that recent international developments may affect the country’s export economy. However, he assured the public that the government is implementing proactive measures to mitigate potential impacts and prevent any economic downturn.
“The current challenges are not the result of any one government or political decision but stem from a wider geopolitical context,” he stated, urging citizens to respond with unity and resilience. “Every nation has the right to determine its own duties and taxes. That sovereignty must be respected and protected.”
President Dissanayake expressed confidence in Sri Lanka’s economic trajectory, noting that the country is on the right path despite global uncertainties. He recounted his recent meeting with the International Monetary Fund (IMF), during which specific economic parameters for the year were discussed. He expressed optimism that Sri Lanka would receive continued international support.
Highlighting the recent visit by the Indian Prime Minister as a diplomatic success, the President revealed that Sri Lanka had secured a soft loan from India’s EXIM Bank, along with a significant financial package that includes a reduced interest rate, an extended repayment period, and a grant of USD 10 billion.
Addressing public concerns regarding the India defense agreement, the President clarified that joint operations and training activities between the two countries were already underway. The new pact merely formalizes these existing arrangements. “This is about regional protection and strategic cooperation. We need the support of more developed nations to progress,” he said.
In a reflective moment, President Dissanayake lamented that had previous leaders acted with greater diligence over the past 76 years, Sri Lanka might have been in a stronger position today. He concluded by reaffirming his administration’s commitment to national prosperity and serving the people with integrity and purpose.
