With the economic crisis and the shortage of forex, an Indian credit line of USD 500 million for fuel imports provided a lifeline to the island nation.
Rajapaksa also justified the public anger over the unbearable cost of living, but refused to give up his post despite mounting public pressure around the country with massive protests demanding him to step down.
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The prime minister has said if the protestors are ready for talks, he would extend an invitation for their representatives to meet for discussions, the statement noted.
The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement with the IMF.
WATCH | Protest Continue To Erupt In Crisis-Torn Sri Lanka
Speaking in Parliament on Wednesday, Chief Government Whip Johnston Fernando said the government will face this problem and there is no reason for President Gotabaya Rajapaksa to resign as he was elected to office.
Soon after the government lost the majority power on Tuesday, Tamil National Alliance (TNA), the main Tamil party representing Tamils from the North and East of the island nation, questioned continuity of Emergency regulation.
At the 2019 Presidential election, Gotabaya Rajapaksa, was elected President with a sweeping 2/3 majority with over 6.9 million votes.
The dissidents, led by former president Sirisena's Sri Lanka Freedom Party (SLFP), would leave the ruling Sri Lanka Podujana Peramuna (SLPP) coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.
More ministers will be sworn into the cabinet in the coming days if the opposition parties agree to form a united government, government officials said.
The consignment forms part of the 300,000 tonnes of rice that will be shipped to Sri Lanka in the coming months.
The government declared a state of emergency after an angry mob surrounded the private residence of Rajapaksa on March 31.
Officials of the state fuel entity, Ceylon Electricity Board (CEB), said the Indian diesel supplies would ease the ongoing power cuts. The power cuts effective Saturday are over 8.5 hours.
Sri Lanka's President Gotabaya Rajapaksa on Friday declared a state of emergency in the country giving the security forces wide authority to arrest and detain suspects with immediate effect.
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