China assures fullest support to conclude Sri Lanka’s debt restructuring process: Semasinghe

4 May 2024 10:37 am Views - {{hitsCtrl.values.hits}} 9 Bookmark

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Colombo, May 4 (Daily Mirror)- China assured its fullest support and cooperation to conclude the debt restructuring process in Sri Lanka, State Minister of Finance Shehan Semasinghe said.

He said he had a productive meeting with the Vice Minister of Finance of China, Liao Min during the ADB annual meeting in Tbilisi, Georgia.

"I had a productive meeting with the Vice Minister of Finance of China Liao Min during the ADB annual meeting in Tbilisi, Georgia. At this discussion, China assured its fullest support and cooperation to conclude the debt restructuring process in Sri Lanka. Further, China reaffirmed its steadfast support to Sri Lanka on all fronts," he said in a message posted on X.

Comments - 9

Definitely will Have a Barter Agreement Condition Saturday, 04 May 2024 11:59 AM

Yes, full support will be initiated including barter agreements. If Can’t pay the debt in cash, exchange for prime lands. These tricks has been going on for sometime and end of the day, some politicians have it to their benefit with perks and citizens are the losers.

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Adwani Saturday, 04 May 2024 12:57 PM

Even stupidity has its limit. Every other day we used to hear about China willing to co-operate in debt re-structuring, but why??? Rajapukse clan has borrowed heavily unaccounted loans and there is intense discussion about which the details are no longer revealed to the public. The end result are announced, this time with a photo along with Chinese counterpart. That China willing to co-operate.

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Punchi Saturday, 04 May 2024 01:53 PM

We have been hearing this since the start of the crisis, please walk the talk

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PEOPLE AWAIT TO KNOW OF FUTURE 99 YEAR LEASES AND OR OWNERSHIP OF PROPERTY IN THE COUNTRY. Saturday, 04 May 2024 03:00 PM

CHINA WITH SUCK UPTO THE CORRUPT SUCKERS POLITICIANS/DECISION MAKERS, SO BOTH PARTIES BENEFIT. CHINA FROM CLOSER TIES WITH THE COUNTRY AND FINALLY SETTING THEMSELVES UP IN SRI LANKA, PRIOR TO GOING TO WAR WITH TAIWAN. OUR SCUM PRETEND THEY ARE NOT AWARE OF CHINA'S INTENTIONS AS LONG AS THEIR NESTS ARE FEATHERED. ONE PREDICTION CAN BE ASSURED, CHINA WILL CREEP THEIR WAY INTO MANY DEALS THEY ENTER INTO LIKE THE HUGE LOAN WHICH LED TO THEIR GETTING A LEASE OFTHE HAMBANTOTA PORT FOR 99 YEARS AND OR PROPERTY IN THE COUNTRY IN WHEN DEALS/LOANS ARE NOT REPAID AND OUR IDIOTS KNOW VERY WELL PRIOR TO GETTING INTO ANY DEAL/LOAN THAT CHINA WILL OUTSMART THEM ALL EVENTUALLY.

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Db Saturday, 04 May 2024 03:08 PM

How and when are important for us.

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Please, Please Saturday, 04 May 2024 10:38 PM

China, please write off at least 75% of the debt Sri Lanka owes to your country. This is the minimum you can do support Sri Lanka.

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Not Possible Now Sunday, 05 May 2024 10:32 AM

Maybe in your next lifetime! China too is under great pressure with their economic standstill. Housing boom has stalled for a few years with lots of big time construction companies bankrupted and housing projects not completed. Those who had placed down payments are in a fix and paying endless interest on their loans.

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Patcitz Saturday, 04 May 2024 11:35 PM

At this juncture, given the political instability in Sri Lanka, China should not come forward to help Sri Lanka financially, Well, you can consider unwavering support later on, if RANIL is defeated from this corrupt illegitimate and the US PLOT- installed government.

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Buddhist Sunday, 05 May 2024 03:10 AM

For Shehan, everything is possible but can never be delivered. He has been promising publicly and in the Parliament that debt restructuring has been finalized, but it has not been finalised.

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