SL’s negotiations with IMF will unavoidably impact securing USD 2.5 bn from China

25 April 2022 12:50 pm Views - {{hitsCtrl.values.hits}} 10 Bookmark

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Sri Lanka’s ongoing negotiations with the IMF will unavoidably impact its discussions with China for securing US $ 2.5 billion, China's Ambassador Qi Zhenhong said.

In an interactive dialogue with a team of journalists, he said China was closely monitoring the negotiations to know the terms and conditions .

He said debt restructuring would be a key component of the IMF as he could fathom from experience.

He also said that China's support to Sri Lanka will not be based on a particular party or Government. No matter who is in power China's support is for the People of Sri Lanka.(Kelum Bandara)

Comments - 10

Mizaru Monday, 25 April 2022 01:22 PM

A future government sans Rajapakas should distance itself from China. We can see the results in unpresidential borrowing for constructing white elephants.

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Ranjith Monday, 25 April 2022 01:23 PM

At what cost and commission to our politicians China ruined our country and economy please keep away from Srilanka for the time being

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Ranaweera Monday, 25 April 2022 02:33 PM

Yahapalana borrowed USD 13 billion from open market at interest rates of 8% . No one knows where it was spent. China loans are mainly for infrastructure which is making money now. It is not significant compared to what Yahapalana borrowed from others.

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Roisin Monday, 25 April 2022 01:29 PM

Now the cat is out of the bag! This is called blackmail and extortion. Ofcourse it matters to them who is in power. Shame, Shame, Shame.

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Ram Monday, 25 April 2022 02:38 PM

We cannot pay it back. What asset shall we give them in lieu. My suggestion is we must give our biggest asset, the Rajapaksa family

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Ralaharamy Monday, 25 April 2022 02:51 PM

Are we mired so deeply in China mud? Is it a pound of flesh, and not a drop of blood?

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N SENA Monday, 25 April 2022 08:24 PM

THIS IS PEANUTS FOR THE RAJAPAKSAS. WE HAVE A COLLECTION IN TONS TO REPAY CHINA.

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Ranjith Amarasinghe Tuesday, 26 April 2022 01:09 AM

This chinese Ambassador was directly responsible giving commissions to Rajapaksa and his henchman and enticing them obtain these toxic loans. He played a big part in destroying sri lanka’s economy.

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Chaminda Gamage Tuesday, 26 April 2022 01:12 AM

Sri lankan press should not give coverage for opinions given by this Chinese Ambassador who is a notorious crook.

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Ajantha Thennakoon Tuesday, 26 April 2022 01:15 AM

Sorry to say if you continue behave in this way we cannot guarantee yours and family’s security in the streets of colombo. Anything can happen choice is yours.

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