header logo
Rhythms of Lanka
Mogo Academy
Latest
China willing to help Sri Lanka deal with debt burden
Jun 08, 202209:59 PM
China willing to help Sri Lanka deal with debt burden
Mobitel Inner

China has been paying close attention to the current difficulties and challenges Sri Lanka faces and assisting the country within its capacity, a Chinese Foreign Ministry spokesperson said Wednesday.

 

Spokesperson Zhao Lijian made the remarks at a daily news briefing when answering a relevant query.

 

According to Zhao, China has announced emergency humanitarian assistance worth 500 million yuan (about 74.75 million U.S. dollars) to Sri Lanka. The first batch of medicine has arrived in the country, and the first batch of rice is on its way. China has also provided assistance through various channels including local governments and friendship organizations.

 

After the Sri Lankan government announced the suspension of foreign debt repayment, Chinese financial institutions took the initiative to consult with the Sri Lankan side, expressing their willingness to properly deal with maturing China-related debts and help Sri Lanka cope with the current difficulties, Zhao said.

 

China hopes the Sri Lankan side will actively work with the Chinese side and step up consultations on feasible plans, said Zhao.

 

China is ready to work with relevant countries and international financial institutions to continue to play a positive role in helping Sri Lanka tackle the current difficulties, ease its debt burden, and realize sustainable development, Zhao said.

 

Meanwhile, China believes that Sri Lanka will make its own efforts to safeguard the legitimate rights and interests of foreign investment and financing partners and maintain the stability and credibility of its investment and financing environment, he added.

 

Neighboring countries, including those in South Asia, are the top priority of China’s diplomacy. China attaches great importance to and spares no efforts in consolidating and developing good-neighborly and friendly relations with its neighbors, Zhao said, adding that China and South Asian countries are a community with a shared future.

 

History has shown that China has always stood firmly with South Asian countries to help one another overcome difficulties of natural disasters such as earthquakes and tsunamis and global challenges such as the financial crisis and the COVID-19 pandemic, Zhao added.

 

Under the current circumstances, China will work with relevant countries to tackle risks and challenges, advance the high-quality Belt and Road cooperation, maintain the sound momentum of regional security, stability, cooperation and development, and bring more benefits to the region’s people, said Zhao.

 


Source: Xinhua

 

 

 

MostRead
Mobitel Upahara
VideoStories
No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

Sri Lanka hit by 10% tariff as US launches fresh  'forced labour' duties on 60 trading partners

Sri Lanka hit by 10% tariff as US launches fresh 'forced labour' duties on 60 trading partners

Dengue cases in Sri Lanka surpasses 80,000as death toll rises to 59

Dengue cases in Sri Lanka surpasses 80,000as death toll rises to 59

‘Colombo Literary Festival 2026’ begins at Arcade Independence Square today

‘Colombo Literary Festival 2026’ begins at Arcade Independence Square today

MP Ajith P. Perera accuses govt of failing to fulfil pre-election promises to the people

MP Ajith P. Perera accuses govt of failing to fulfil pre-election promises to the people

Investigating into Negombo Prison clash continuing; Statements recorded from nearly 1,000 so far CID

Investigating into Negombo Prison clash continuing; Statements recorded from nearly 1,000 so far CID

Sri Lanka may face both drought and heavy rainfall? Authorities urge early preparedness

Sri Lanka may face both drought and heavy rainfall? Authorities urge early preparedness

Appeals Court defers further consideration of ex-President Gotabaya’s petition until Aug. 3

Appeals Court defers further consideration of ex-President Gotabaya’s petition until Aug. 3

 Dy Defence Minister hails China as a steadfast friend of Sri Lanka

Dy Defence Minister hails China as a steadfast friend of Sri Lanka

 India's Modi government under growing pressure as 'cockroach' protests intensify

India's Modi government under growing pressure as 'cockroach' protests intensify

 Sports Minister says govt cannot honour former Minister Harin’s

Sports Minister says govt cannot honour former Minister Harin’s

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

Lassana Flora