EU to fund projects in Sri Lanka to counter Chinese influence

EU to fund projects in Sri Lanka to counter Chinese influence

EU to fund projects in Sri Lanka to counter Chinese influence

Written by Amani Nilar

03 Feb, 2022 | 8:07 pm

COLOMBO (News 1st); The European Union is planning to fund projects in Indo Pacific countries such as Sri Lanka.

They stated that this would be done with the support of India to counter China’s growing influence in the region.

Accordingly, the European Union says it will introduce a transparent program to fund projects in Indo Pacific countries like Sri Lanka.

France had assumed the presidency of the European Union last month.

French Ambassador to India Emmanuel Lenain had said it’s a problem that China is using to fund projects in certain countries in the region.

He had cited Sri Lanka as an example.

The Ambassador had noted that the program may be unveiled at the EU’s Indo Pacific Form on the 22nd of this month.

France has about 8,000 troops in the Indo Pacific as it owns a cluster of islands in the Indian Ocean.

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