Sri Lanka & China discuss debt & support

COLOMBO (News 1st) - Chinese Ambassador to Sri Lanka Qi Zhenhong had an extensive discussion with Sri Lankan State Minister of Finance Shehan Semasinghe on Sri Lanka's debt issue on Monday (7).

The Chinese Embassy tweeted that the Ambassador had reiterated China's continued & concrete support to the island to overcome various challenges.

On the 3rd of November, Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.

Sri Lanka has been gripped by a deep financial crisis this year caused by record-low foreign exchange reserves that has left the island of 22 million people struggling to pay for essential imports including fuel, food, cooking gas and medicine.