India is willing to commit up to another $2 billion in financial assistance to Sri Lanka while also supporting the island nation with food and fuel, five sources told Reuters, as New Delhi tries to regain ground lost to China in recent years, The Indian Express reported.

“We are definitely looking to help them out and are willing to offer more swap lines and loans,” said an Indian source aware of various discussions with Sri Lanka.

A senior government source in New Delhi said Sri Lanka’s warning on Tuesday of defaulting on debt payments was a worry, but that “we can still give them up to $2 billion in swaps and support”.

Sri Lanka’s prime minister offered talks on Wednesday with protesters calling for the government to step down over its handing of an economic crisis as the opposition threatened to bring a no-confidence motion against it in parliament, according to The Indian Express.

However, Sri Lankans protesting outside the President’s Office in Colombo on Wednesday rejected Prime Minister Mahinda Rajapksa’s offer for talks and demanded the resignation of President Gotabaya Rajapaksa and all members of his family from the government.

S&P Global Ratings on Wednesday lowered Sri Lanka’s foreign currency rating to “CC” from “CCC”, citing the economic crisis in the country and rising external funding pressures. “Sri Lanka’s debt restructuring process is likely to be complicated and may take months to complete”, the ratings agency said in a statement.

While protests seeking the resignation of President Gotabaya Rajapaksa is continuing in various parts of the country, the working-class in Sri Lanka is struggling to make both ends meet as the nation continues to battle economic crisis, The Indian Express reported.