India and Sri Lanka are continuing to hold technical discussion on rescheduling of bilateral debt repayment by Sri Lanka.<br />'' <br />''The Indian delegation comprising of senior officials from the Ministry of External Affairs, Ministry of Finance and  EXIM Bank interacted with representatives from government of Sri Lanka through a video conference this week. <br />'' <br />''The High Commission of India in Colombo said it will continue to work towards coordinating and facilitating such engagement as a part of India's overall commitment to work with Sri Lanka to counter and mitigate the effects of the COVID-19 pandemic. <br />'' <br />''It may be recalled that both sides had discussed the ongoing COVID-19 pandemic and its likely health and economic impacts during Prime Minister Narendra Modi's telephone conversations with Sri Lankan President Gotabaya Rajapaksa on 23 May and Prime Minister Mahinda Rajapaksa on 27 May 2020.<br />'' <br />''PM Modi had assured that India would continue to provide all possible support to Sri Lanka for mitigating the effects of the pandemic.<br />'' <br />''Sri Lanka has around 1 billion US dollars of loan commitment from India and has requested to reschedule the payment due to ongoing financial crisis and COVID situation.<br />'' <br />''Sri Lanka has also requested for currency swap of 1 billion US dollars with RBI, agreement for which is expected to be signed soon.<br />