This Govt. rescued SL from Chinese debt trap: Mangala

19 October 2018 06:45 pm Views - {{hitsCtrl.values.hits}} 16 Bookmark

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Finance Minister Mangala Samaraweera said it was the present government that rescued Sri Lanka from the Chinese debt trap and thus ended the era in which not only our land but also its airspace of was entrusted to China.

However, China announced earlier that Chinese loans only accounted to ten per cent of Sri Lanka’s total debt burden.

The minister said this at a function to mark the opening of a grain storage facility in Embilipitiya. He said though some elements accused the present government of ensnaring the country in a debt trap, this administration only resurrected the country from it.

The minister said similar grain storage facilities would be set up in different parts of the country.

Comments - 16

Dhammika Friday, 19 October 2018 07:09 PM

Thank you ! .

52 18

Unchikun Friday, 19 October 2018 07:13 PM

I thought the Prime Minister stated at a International conference that Sri Lanka is not in a Chinese debt trap. Strange state of affairs.

3 54

Unchikun Friday, 19 October 2018 07:48 PM

Looks like all your statements are like the "Mila Sutraya".

5 44

JIM Friday, 19 October 2018 07:56 PM

Dont you ever shut up.

5 45

observer Friday, 19 October 2018 08:18 PM

Rescued 10% debt trap from China but still we are in 90% debt trap with unknown countries !!.

5 35

Lord Wolfstein Saturday, 20 October 2018 09:40 AM

The interest payments for the 10% Chinese loans are the same as the interest payments of the other 90% loans from other countries.

20 10

Tinkiriya Friday, 19 October 2018 08:31 PM

Partly true Mangala. But this is NOT a good sell to convince our village voters to re-elect this government. The defeat and thrashing you encountered at the local government election proved it.

7 35

Jaliya Friday, 19 October 2018 08:35 PM

Every project is accordingly not a loan. They're aid from other countries. If so why are we in so much of debt ? All bull this government received more loans from many other countries and named as aid. Taxpayer has to eat it

3 41

Economist Friday, 19 October 2018 10:26 PM

From Chinese debt trap to IMF (Western) trap!

8 28

Clueless citizen Saturday, 20 October 2018 09:06 AM

10% of a thousand and 10% of billions a difference even idiots know.

2 10

MP Saturday, 20 October 2018 09:43 AM

More than that you have saved the Sri Lankan people from debt trap that they are struggling to find their day to day expenses while paying huge taxes!

2 14

Jayantha Saturday, 20 October 2018 02:40 PM

What a joke; what a joker!

2 7

parakum Saturday, 20 October 2018 03:31 PM

It is always that UNP came to rescue this country from the ABYSS. First from the SIRIMAOs govt that couldn't feed the nation, second from MR, which sold the country to CHINA.

9 4

Ceylon Saturday, 20 October 2018 04:25 PM

the 18 billion $ you said jajapaksa family stolen and hiding overseas now bring back then can pay the chinese debts.

0 7

dickie bird Saturday, 20 October 2018 08:49 PM

OMG.... Cigar fumes have intoxicated his brains and thinking.

2 2

Lank Saturday, 20 October 2018 09:00 PM

What does a suit cutter designer know about FINANCE or ECONOMICS ! Mangala should run a tailoring shop and produce a 'mila suthraya' for that without messing the country.

3 4

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