China claims that it has reached an agreement with Sri Lanka on the debt disposal of C

China Foreign Ministry said that China Import and Export Bank had reached an agreement with Sri Lanka in late September this year as Sri Lanka's debt disposal of China.

Chinese Ministry of Foreign Affairs spokesman Wang Wenbin said at a routine press conference on Tuesday (October 10) that since last year, relevant Chinese financial institutions have been working closely with the issue of debt involved in China.Actively carry out bilateral consultations, and timely issue financing support documents to Sri Lanka to help Sri Lanka obtain loans from the International Monetary Fund smoothly.

Wang Wenbin said that, as an observer, Chinese financial institutions participated in the creditors meeting throughout the process, maintaining friendly communication with other creditors and sharing debt disposal progress.In late September, as the official creditors, China Import and Export Bank had reached an agreement with Sri Lanka on the debt disposal of China.

He said that China will continue to support the domestic financial institutions Tongsan actively negotiated, and is willing to work with relevant countries and international financial institutions to continue to respond to the current difficulties for Sri Lanka, alleviate debt burden, achieve sustainable development and play an active play.effect.

Sri Lanka, with a population of nearly 22 million, announced bankruptcy last year.Due to the almost bottoming and economic collapse of foreign exchange reserves, the island nation located on the Indian Ocean was once in a serious energy and food shortage, causing complaints.

According to the estimation of the International Monetary Fund (IMF), Sri Lanka is expected to have about $ 56 billion in foreign debt this year.Sri Lanka, who is in a debt crisis, is working to achieve an agreement on other credit countries such as China, Japan and India, as well as holders of foreign bonds. Among them, China is the largest creditor of Sri Lanka, accounting for about 52%of its total debt.

According to IMF data, as of the end of 2020, Sri Lanka owed US import and export banks 2.83 billion US dollars, accounting for 3.5 % of the country's foreign debt.