header logo
SLIC
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 1278

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 1278
VideoStories
Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

“Sri Lanka a promising partner for shared growth”  - Indonesian Ambassador to Sri Lanka

“Sri Lanka a promising partner for shared growth” - Indonesian Ambassador to Sri Lanka

Veteran lyricist Ven. Rambukana Siddhartha Thero  laid to rest today

Veteran lyricist Ven. Rambukana Siddhartha Thero laid to rest today

Public pay final respects to the late Nanda Malini Final rites tomorrow

Public pay final respects to the late Nanda Malini Final rites tomorrow

Petitions filed challenging constitutionality of  22nd Amendment Bill increase to 13

Petitions filed challenging constitutionality of 22nd Amendment Bill increase to 13

 Legendary Sri Lankan singer Dr. Nanda Malini passes away at 82

Legendary Sri Lankan singer Dr. Nanda Malini passes away at 82

UN receives public petition against alleged mistreatment of Suresh Sallay

UN receives public petition against alleged mistreatment of Suresh Sallay

Former President Ranil’s facts, data and interpretations are incorrect - Minister Anil Jayantha

Former President Ranil’s facts, data and interpretations are incorrect - Minister Anil Jayantha

Health officials warn public that prolonged heat exposure could be fatal

Health officials warn public that prolonged heat exposure could be fatal

 "Sri Lanka faces new economic crisis after 2028"; Former President Ranil Wickremesinghe warns

"Sri Lanka faces new economic crisis after 2028"; Former President Ranil Wickremesinghe warns

 BASL challenges 22A before SC; calls for full bench to examine the constitutionality of the bill

BASL challenges 22A before SC; calls for full bench to examine the constitutionality of the bill

Govt. ready for public referendum if ordered by SC, 22A Parliament debate in Sept. or Oct. – Nalinda

Govt. ready for public referendum if ordered by SC, 22A Parliament debate in Sept. or Oct. – Nalinda

Lassana Flora