Politics
China reaffirms financial support for Sri Lanka
BEIJING: China said it would continue to support Sri Lanka, as the crisis-hit island nation's prime minister ended a visit to Beijing on Saturday to try to finalize a debt restructuring deal.
Prime Minister Dinesh Gunawardena arrived in China on Monday for a visit that included a meeting with President Xi Jinping and an appearance at the Boao Forum, a high-level international meeting.
Sri Lanka's years-long economic crisis was high on the agenda of Gunawardena's trip, with China accounting for about 10 percent of the South Asian country's total external debt.
China is ready to “continue to support its financial institutions to actively negotiate with Sri Lanka, maintain friendly communication with other creditors, play a positive role in the International Monetary Fund and assist Sri Lanka in its assistance financial,” the Beijing Foreign Ministry said in the Chinese version. of a joint bilateral statement issued on Friday.
The two sides agreed to “do everything possible to promote the development project of the port cities of Colombo and Hambantota, transforming them into flagship projects of the Sino-Sri Lankan joint construction of the 'Belt and Road'”, indicates the statement, referring to Xi's massive intervention. Belt and Road global infrastructure initiative.
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