China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring under the principle of fair burden-sharing.
Chinese Foreign Ministry Spokesperson Wang Wenbin has expressed these sentiments at the MFA’s Regular Press Conference held today (01).
Mr. Wang was responding to a query on whether the Chinese MFA had any comment on the IMF approving a $3 billion loan program for Sri Lanka.
“We think this is good news and believe this will better help Sri Lanka address the crisis and get out of the difficult situation. The Export-Import Bank of China has provided financing support documents to Sri Lanka to help it truly address the debt issues swiftly and effectively, which fully speaks to China’s sincerity and effort to support Sri Lanka in achieving debt sustainability. China stands ready to work with relevant countries and international financial institutions and continue to play a positive role in helping Sri Lanka navigate the situation, easing its debt burden and helping it achieve sustainable development. In the meantime, we call on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring under the principle of fair burden-sharing,” he has said.