China has been always encouraging the IMF and other international financial institutions to continue to play a positive role in supporting Sri Lanka, the Chinese Embassy said.
The Embassy Spokesperson on inquiry by local media about the IMF agreement and the China-SL bilateral debt issue, the Embassy said: As a traditional friendly neighbour of Sri Lanka and a major shareholder of the International Monetary Fund, China has been always encouraging the IMF and other international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to current difficulties and efforts to ease debt burden and realize sustainable development.
As to the bilateral financial cooperation, shortly after the Sri Lankan government announced to suspend international debt payments in April 2022, Chinese financial institutions reached out to the Sri Lankan side and expressed their readiness to find a proper way to handle the matured debts related to China and help Sri Lanka to overcome the current difficulties.
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