China considers Sri Lanka’s request for another $ 2.5 billion financial aid

(LANKAPUVATH | COLOMBO) –Chinese Ambassador to Sri Lanka Qi Zhenhong says that China is currently considering Sri Lanka’s request of US $ 2.5 billion financial aid from China.

Speaking at a media briefing in Colombo today, the Chinese Ambassador said that Sri Lanka had requested a credit facility of US $ 1 billion and a loan assistance of US $ 1.5 billion.

He mentioned that China supports Sri Lanka as a close friend regardless of the international and internal situation in Sri Lanka.

China has provided US $ 2.5 billion in financial assistance to Sri Lanka as a solution to the crises faced by the country from the beginning of the Covid epidemic up to now, the envoy noted.

The Chinese Ambassador said that according to the loan repayment reports Sri Lanka had already repaid the loans on time and due to this Sri Lanka has been commended for repayment of loans.

Commenting on other Chinese investments in Sri Lanka, Chinese Ambassador to Sri Lanka Qi Zhenhong said that Chinese businessmen have already invested US $ 1.5 billion in the Colombo port city.

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