SL debt restructuring China sees the ‘necessity of fair burden-sharing’

By Sunil Jayasiri   

While confirming that the Export-Import Bank of China, as the official bilateral creditor, provided a financing support document to Sri Lanka, China on Wednesday reiterated that it sees the ‘necessity of fair burden-sharing’ when it comes to Sri Lanka’s debt restructuring.   “I would like to reiterate that China supports relevant financial institutions in having active consultations with Sri Lanka on debt treatment. 

In the meantime, we also see the necessity of fair burden-sharing and believe that both commercial and multilateral creditors should take part in Sri Lanka’s debt restructuring, Chinese Foreign Ministry Spokesperson Mao Ning’s said during the regular Press Conference on Wednesday.  

She also said that China is ready to work with relevant countries and international financial institutions to “jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development.”