Sri Lanka’s Foreign Minister requests bridging finance from Chinese Ambassador

Minister of Foreign Affairs, Professor G.L. Peiris has requested assistance from China, particularly in the field of bridging finance during a difficult time.

Minister Peiris met with the Ambassador of China, Qi Zhenhong, on 21 April 2022 at the Foreign Ministry.

The Foreign Minister has apprised the Ambassador of the current situation in the country and the shortage of energy which has adversely affected the economy of Sri Lanka.

He has briefed the Ambassador on the measures which are being put in place by the Government to immediately overcome the prevailing situation, including the ongoing discussion with the IMF for financial assistance as well as reformulating Sri Lanka’s debt and in that context Minister Peiris requested further assistance from China, particularly in the field of bridging finance during a difficult time.

The Ambassador of China has stated that the Embassy of China in Colombo and Beijing were closely monitoring the evolving situation in Sri Lanka.

Ambassador Qi has assured that the Chinese Government would continue extending assistance to Sri Lanka in every possible way including direct Chinese Government support, regional Government support and support through Red Cross China.

The China International Development Cooperation Agency (CIDCA) has pledged an urgent emergency humanitarian aid of RMB 200 million to Sri Lanka, including 5000 tonnes of rice (with the previously announced 2000 tonnes), pharmaceuticals, production materials and other essentials.

Furthermore, the Yunnan Province has announced a donation of RMB 1.5 million worth of food packages to Sri Lanka.

Meanwhile, Sri Lanka has also sought India’s assistance in garnering international support to secure bridge financing as it enters negotiations with the IMF.

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