Connect with us

News

China willing to continue helping SL to ease debt burden

Published

on

China has said that they will jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development.

Speaking at the regular media briefing in Beijing yesterday (28) Chinese Foreign Ministry Spokesperson – Ms. Mao Ning has said this while responding to Bloomberg.

Bloomberg: Is China willing to make any adjustments to fall in line with the assurances required to finalize Sri Lanka’s IMF program? If not, are there other steps that have been taken to overcome Chinese concerns on Sri Lanka’s recast and the overall debt restructuring landscape?

Mao Ning: “We have shared with you the information on multiple occasions. The Export-Import Bank of China provided a financing support document to the Ministry of Finance, Economic Stabilization and National Policies of Sri Lanka, saying the Bank is going to provide an extension on the debt service due in 2022 and 2023 to help relieve Sri Lanka’s short-term debt repayment pressure. The Bank also noted that it will support Sri Lanka in its loan application to the IMF and 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.”

“What China did is first based on China’s existing policy and position on debt issue. At the same time, as a special arrangement, it also reflects the traditional friendship between China and Sri Lanka. China’s action fully demonstrates its sincerity and efforts to support Sri Lanka in achieving debt sustainability. China will continue to support relevant financial institutions in actively working out the debt treatment. We 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.”

News

Chinese communist party vice minister Sun Haiyan visits Sri Lanka

Published

on

By

Vice Minister of the International Department of the Chinese Communist Party, Sun Haiyan, is set to arrive in Sri Lanka today for a two-day official visit, as reported by The Thinakaran Newspaper.

During her visit, Sun Haiyan is scheduled to engage in discussions with high-ranking government officials, including President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena.

The discussions are anticipated to cover various bilateral matters of mutual interest between China and Sri Lanka.

Continue Reading

News

Two killed in police shooting following failed checkpoint stop

Published

on

By

Two people died in police fire on Tuesday (23) morning.

The Police Media Division said that officers opened fire at a three wheeler that failed to comply with orders to stop at a checkpoint near the Meegoda – Delketiya junction.

The incident took place at around 1:50 AM.

Sri Lanka Police said that after officers ordered the three wheeler to stop, the driver had slowed down the vehicle, and those inside had opened fire at the police and fled to Moragahahena.

Accordingly, the Moragahahena Police was immediately informed of the shooting.

A group of officers from the Colombo South Crimes Division who were at the Moragahahena Police for a separate inquiry upon hearing the incident had attempted to stop the three wheeler from fleeing.

The three wheeler that continued to disregard orders to stop had proceeded to the Tyre Factory located along the Meepe Road in Moragahahena, where shots were fired at them by officers from the Colombo South Crimes Division.

Sri Lanka Police said two people who were injured in the shooting succumbed to their injuries upon admission to hospital.

Another person who was in the three wheeler had fled the scene.

The deceased were 42 and 35 year old males from Thanamalvila.

Police said a firearm was also recovered from the three wheeler’

(newsfirst.lk)

(Except for the headline, this story, originally published by newsfirst.lk has not been edited by SLM staff)

Continue Reading

News

Iranian President to visit SL – MFASL

Published

on

By

President of the Islamic Republic of Iran Dr. Ebrahim Raisi is scheduled to make an official bilateral visit to Sri Lanka, the Ministry of Foreign Affairs in Sri Lanka (MFASL) states.

President Raisi will visit the island nation at the invitation of President Ranil Wickremesinghe to jointly declare open the Uma Oya Multipurpose Development Project on 24 April 2024, the statement adds.

The Uma Oya Multipurpose Development Project, funded by Sri Lanka and Iran, is designed to generate and add 120 Megawatt electricity to Sri Lanka’s national grid and provide irrigation to approximately 25,000 acres of paddy lands in the south eastern part of Sri Lanka.

Related News :

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved