The China Development Bank and Sri Lankan government has entered an agreement of Rs.61.5 billion term facility.
The agreement was entered into today.
The Chinese Embassy in Colombo taking to Twitter said the agreement was signed on a request from Sri Lanka.
The Embassy stated the agreement was penned in order to support the country’s COVID-19 response, economic revival, financial stability and livelihood betterment.
China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today (17 Aug), upon a request from 🇱🇰 side to support its #COVID19 response, economic revival, financial stability and livelihood betterment. pic.twitter.com/ehkvWGfXzz
— Chinese Embassy in Sri Lanka (@ChinaEmbSL) August 17, 2021