China says it always endorsed IMF support to SL

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China has always encouraged the IMF and other international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to current difficulties, a spokesperson of the Chinese Embassy in Sri Lanka said yesterday (1).

The spokesperson made this remark on inquiry by local media about the IMF agreement and the China-SL bilateral debt issue.

“As a traditional friendly neighbour of Sri Lanka and a major shareholder of the IMF, China has been always encouraging the IMF and other international financial institutions to continue to play a positive role in supporting Sri Lanka’s response to current difficulties and efforts to ease debt burden and realise sustainable development,” the spokesperson said.

“As to the bilateral financial cooperation, shortly after the Sri Lankan Government announced to suspend international debt payments in April 2022, Chinese financial institutions reached out to the Sri Lankan side and expressed their readiness to find a proper way to handle the matured debts related to China and help Sri Lanka to overcome the current difficulties. We hope Sri Lanka will work actively with China in a similar spirit and work out a feasible solution expeditiously.”