China supports its banks’ consultations with Sri Lanka to seek a proper debt settlement, Chinese Foreign Ministry said.
Foreign Ministry Spokesperson of China, Wang Wenbin answered the following question in the Chinese Foreign Ministry press conference.
Can you give any update on China’s talks with Sri Lanka on the debt issue? How could this current situation affect China’s funding support for Sri Lanka going forward?
Wang Wenbin: China fully relates to the difficulties and challenges facing Sri Lanka and stands ready to play a constructive role in its steady economic and social development.
As to Sri Lanka’s debt to the Chinese side, China supports relevant financial institutions in having consultations with Sri Lanka to seek a proper settlement. China stands ready to work with relevant countries and international financial institutions and continue to play a positive role in easing Sri Lanka’s debt burden and helping it achieve sustainable development.
In the meantime, we hope and believe that Sri Lanka will work in the same direction and make independent efforts to uphold the legitimate rights and interests of foreign investment and financing partners, and maintain stability and credibility of its investment and financing environment.