Monday, 23 October 2023 10:40

China’s PM offers to help Sri Lanka; buy more of its exports Featured

China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.

The assurances came a week after the crisis-hit island nation said it had reached agreement with the Export-Import Bank of China on $4.2 billion of debt, a fraction of the roughly $7 billion it owes Chinese lenders, both bilateral and commercial.

"The two sides should make every effort to promote Colombo port city and Hambantota," Xi told Sri Lankan President Ranil Wickremesinghe, a summary of their meeting showed, referring to major projects China has backed in its 'Belt and Road' effort.

"China is willing to continue to provide assistance to Sri Lanka without attaching political conditions, to help it cope with the difficulties it faces," Xi added

Latest News

There are 35834 listings and 1274 categories in our website