NEW DELHI: Sri Lankan Prime Minister Dinesh Gunawardena arrived in Beijing on Monday for a six-day official go to, which would be the first go to by a Sri Lankan chief to Beijing after Colombo put a moratorium on recurring visits by Chinese language analysis ships to Hambantota port, reportedly because of India’s safety issues.
Through the go to, he’ll maintain talks with Chinese language President Xi Jinping and Premier Li Qiang on methods to additional deepen bilateral ties.
Sri Lanka just lately introduced that it might allow international analysis vessels to dock at its ports for replenishments, regardless of a one-year ban on such actions.
Considerations have been raised globally over China’s infrastructure investments in Sri Lanka, significantly after the 99-year lease of the Hambantota port in a debt-for-equity swap.
Gunawardena’s go to additionally coincides with the Worldwide Financial Fund (IMF) reaching a staff-level settlement with Sri Lanka, paving the best way for the nation to entry 337 million US {dollars} from the three billion US greenback bailout package deal authorised in 2023.
Following a default on over USD 51 billion in international loans final yr, India prolonged roughly 4 billion US {dollars} in help to help Sri Lanka in recovering from its financial challenges.
Nevertheless, official information from Sri Lanka exhibits that China is the biggest creditor with 43%, adopted by Japan at 23% and India at 15%.
( with enter from businesses)
Through the go to, he’ll maintain talks with Chinese language President Xi Jinping and Premier Li Qiang on methods to additional deepen bilateral ties.
Sri Lanka just lately introduced that it might allow international analysis vessels to dock at its ports for replenishments, regardless of a one-year ban on such actions.
Considerations have been raised globally over China’s infrastructure investments in Sri Lanka, significantly after the 99-year lease of the Hambantota port in a debt-for-equity swap.
Gunawardena’s go to additionally coincides with the Worldwide Financial Fund (IMF) reaching a staff-level settlement with Sri Lanka, paving the best way for the nation to entry 337 million US {dollars} from the three billion US greenback bailout package deal authorised in 2023.
Following a default on over USD 51 billion in international loans final yr, India prolonged roughly 4 billion US {dollars} in help to help Sri Lanka in recovering from its financial challenges.
Nevertheless, official information from Sri Lanka exhibits that China is the biggest creditor with 43%, adopted by Japan at 23% and India at 15%.
( with enter from businesses)
