China willing to work with financial institutions to ease SL debt crisis

China willing to work with financial institutions to ease SL debt crisis

China willing to work with financial institutions to ease SL debt crisis

Written by Amani Nilar

08 Jun, 2022 | 5:39 pm

COLOMBO (News 1st); China supports the relevant financial institutions in discussing with Sri Lanka and properly resolving the country’s debt crisis, says the Chinese Foreign Ministry Spokesperson Zhao Lijian.

In a press conference, the Foreign Ministry Spokesperson stated that China feels deeply for the difficulties and challenges Sri Lanka faces and are ready to play a constructive role in the steady economic and social development of Sri Lanka.

Responding to a query regarding China being willing to be treated on par with other Sri Lankan creditors given its inability to repay debts, Spokesperson Lijian said that China also stands ready to work with relevant countries and financial institutions to continue to play a constructive role in easing Sri Lanka’s debt burden and realizing sustainable development.

At the same time, Lijan stated that he hopes and believes that Sri Lanka will work together with the parties concerned and boost its own effort to get through the difficulties, and protect the legitimate rights and interests of foreign investment and financing partners and maintain the stability and credibility of its own investment and financing environment.

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