India closely following developments in Sri Lanka, stands with people

"India is Sri Lanka’s closest neighbour and our two countries share deep civilizational bonds. We are aware of the many challenges that Sri Lanka and its people have been facing, and we have stood with the Sri Lankan people as they have tried to overcome this difficult period," the External Affairs Ministry said in a statement.

The MEA said. "In pursuance of the central place that Sri Lanka occupies in our Neighbourhood First policy, India has extended this year unprecedented support of over US$ 3.8 billion for ameliorating the serious economic situation in Sri Lanka.

"We continue to follow closely the recent developments in Sri Lanka. India stands with the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values, established institutions and constitutional framework."

Thousands of protesters in Sri Lanka broke police barricades and stormed president Gotabaya Rajapaksa's official residence in Colombo on Saturday.

Rajapaksa has told the Parliament Speaker that he will resign on July 13.

The anti-government protesters also set prime minister Ranil Wickremesinghe's private residence on fire and damaged vehicles.

Wickremesinghe, who was appointed as Prime Minister in May, has announced that he will resign from his post in order to ensure the continuation of the government and the safety of all the citizens.

(With UNI inputs)