China supports Sri Lanka’s decision to work with IMF in restructuring debt – Ambassador

China supports Sri Lanka’s decision to work with IMF in restructuring debt – Ambassador

China supports Sri Lanka’s decision to work with IMF in restructuring debt – Ambassador

Written by Zulfick Farzan

03 May, 2022 | 10:55 am

COLOMBO (News 1st); Ambassador to the Republic of China in Sri Lanka Qi Zhenhong met with Finance Minister M.U.M Ali Sabry, PC at the Ministry of Finance on Monday (2).

A discussion was held on the current areas of cooperation between the two Countries and also the way forward in managing the current economic issues.

Ambassador Zhenhong reiterated China’s full support to Sri Lanka in resolving the present economic issues and also reiterated that China clearly supports Sri Lanka’s decision to work with the IMF in restructuring its debt.

Ambassador Zhenhong also assured Minister Ali Sabry that as a major shareholder of the IMF, China is willing to play an active role in encouraging the IMF to positively consider Sri Lanka’s position and to reach an agreement as soon as possible. He further spoke of the recent fruitful telephone conversation between the two Premiers of China and Sri Lanka.

In reference to the request on restructuring bilateral debt, Ambassador Zhenhong stated that China will actively support discussions with the relevant financial institutions and departments to resolve maturing debts issues

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