Ahead of IMF’s first review, China assures Sri Lanka of help to deal with debt challenges


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“China has always been a reliable strategic partner of Sri Lanka,” Wang was quoted as saying in the release. It appreciates that Sri Lanka has always been friendly towards China and has stood by China on issues related to its core interests.

Colombo. Sri Lanka’s biggest bilateral lender China has assured help to the island nation to effectively deal with the debt challenges. China has given this assurance at a time when the country has to finalize its external and domestic debt restructuring by September. After this, the International Monetary Fund (IMF) will conduct the first review of the $ 2.9 billion relief package given in March this year. The IMF will conduct this review on September 11-19.

According to a press release issued by the Prime Minister’s Office on Wednesday, Wang Yi, Foreign Minister of the ruling Communist Party of China (CPC) and Director of the Office of the Foreign Affairs Commission, called on the Sri Lankan Prime Minister on the sidelines of the 7th China-South Asian Expo. Dinesh Gunawardhan assured the Central Committee that they would help the country effectively deal with its debt challenges.

“China has always been a reliable strategic partner of Sri Lanka,” Wang was quoted as saying in the release. It appreciates that Sri Lanka has always been friendly towards China and has stood by China on issues related to its core interests. is passing through. People in the country took to the streets last year due to shortage of fuel, fertilizers as well as other essential commodities.

Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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