The government has requested a USD 1 Billion loan from China to meet Sri Lanka’s current financial obligations.
Chinese Ambassador in Colombo Qi Zhenhong said additionally the government has also requested a 1.5 Billion Credit Line from China.
Speaking during a media briefing this morning, Ambassador Qi Zhenhong said since 2020, China has granted USD 2.8 Billion to Sri Lanka to ease financial issues.
The amount includes a USD 1.5 Billion swap agreement.
The Chinese Ambassador in Colombo also assured that China will not exploit Sri Lanka’s current financial situation.
Meanwhile, according to the Chinese Ambassador in Colombo Chinese companies have invested USD 1.05 Billion thus far within the Colombo Port City.
Through Chinese projects in Sri Lanka, around 11,000 jobs have reportedly been created.
He also said around 43 companies have signed agreements to invest within the proposed investment zone in Hambantota.