Wang Wenbin China Sri Lanka Provident Wang Wenbin China Sri Lanka

China’s Exim Bank to support Sri Lanka’s loan application to IMF – Spokesperson

Reading now: 562
www.newsfirst.lk

COLOMBO (News 1st); China will continue to support relevant financial institutions in actively working out the debt treatment, said Chinese Foreign Ministry Spokesperson Wang Wenbin on Monday (20)."The Export-Import Bank of China has already provided Sri Lanka with a letter to express support for its debt sustainability.

The letter says that the Bank is going to provide an extension on the debt service due in 2022 and 2023, which means Sri Lanka will not have to repay the principal and interest due of the Bank’s loans during the above-mentioned period, so as to help relieve Sri Lanka’s short-term debt repayment pressure," he told a press conference.According Foreign Ministry Spokesperson Wang Wenbin the Export-Import Bank of China would like to have friendly consultation with Sri Lanka regarding medium- and long-term debt treatment in this window period; and the Bank will make best efforts to contribute to the debt sustainability of Sri Lanka.

The Export-Import Bank of China also noted that it will support Sri Lanka in its loan application to the IMF; in the meantime, the Bank will continuously call on commercial creditors (including the International Sovereign Bondholders) to provide debt treatment in an equally comparable manner, and encourage multilateral creditors to do their utmost to make corresponding contributions, he added.China will continue to support relevant financial institutions in actively working out the debt treatment, he noted.Export-Import Bank of China said that China will work with relevant countries and international financial institutions to jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development..

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Eddie Kadhim - Residents voice concerns about spate of Philadelphia shootings involving teens, car thefts - fox29.com - city Philadelphia
fox29.com
39%
585
Residents voice concerns about spate of Philadelphia shootings involving teens, car thefts
PHILADELPHIA - Concerns about gun violence are mounting for residents in two Philadelphia neighborhoods where police say teens were injured in shootings that involved attempted car thefts. Carlian Burns lives near the intersection of 24th Street and Ridge Avenue where police say a 16-year-old old and an 18-year-old were shot during a suspected car theft Friday morning."It’s wild because something is always happening," Burns said. Both shooting victims were found by police and taken to Temple University Hospital where the 18-year-old who suffered multiple gunshot wounds was placed in critical condition. MORE LOCAL HEADLINESHours earlier, police in Philadelphia's Tacony section said a shootout erupted in broad daylight when the owner of a Toyota sedan caught two teens attempting to steal the car.An 18-year-old was shot multiple times in the exchange of gunfire with the vehicle's owner, who police say is licensed to carry a firearm and is cooperating with the investigation. The second suspect who was inside the driver's seat when the gunfight erupted managed to drive the stolen car about a block before he crashed and fled on foot, according to police. "I feel like we're living in the Wild, Wild, West right now, with no laws and no honor," Sherron Weeks said. A Philadelphia neighborhood is left shaken after police say a gun battle erupted in broad daylight between a car thief and the owner of the vehicle.She's experienced the violence plaguing North Philadelphia first-hand, telling FOX 29's Eddie Kadhim that she was attacked in her neighborhood over a month ago."They're hurting us around here, I just got stabbed in my head and my arm by a woman who took my coat right there on 23rd and Ridge," Weeks said. Rita Henderson from
DMCA