China reveals details of financial aid to SL

April 22, 2022 at 9:17 AM

China has pledged “an urgent emergency humanitarian aid” of RMB 200 million (approximately US$ 31 million) to Sri Lanka.

In a statement, Sri Lanka’s Foreign Ministry said the China International Development Cooperation Agency (CIDCA) has pledged an urgent emergency humanitarian aid of RMB 200 million to Sri Lanka.

This includes 5000 tonnes of rice, with the previously announced 2000 tonnes, pharmaceuticals, production materials, and other essentials. 

Furthermore, the Yunnan Province has announced a donation of RMB 1.5 million worth of food packages to Sri Lanka. 

The Foreign Ministry further said the aid was announced when Sri Lanka’s Foreign Minister, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong at the Foreign Ministry yesterday (21). 

While welcoming the Ambassador, Minister Peiris appreciated China’s continued assistance to Sri Lanka which had begun even before establishing formal diplomatic relations between the two countries. He also recalled the Chinese monuments erected in Sri Lanka with the funding of the Chinese Government. 

The Foreign Minister also apprised the Ambassador of the current situation in the country and the shortage of energy which has adversely affected the economy of Sri Lanka. He briefed the Ambassador on the measures which are being put in place by the Government to immediately overcome the prevailing situation, including the ongoing discussion with the IMF for financial assistance as well as reformulating Sri Lanka’s debt, and in that context Minister Peiris requested further assistance from China, particularly in the field of bridging finance during a difficult time. 

The Ambassador of China stated that the Embassy of China in Colombo and Beijing were closely monitoring the evolving situation in Sri Lanka. Ambassador Qi assured that the Chinese Government would continue extending assistance to Sri Lanka in every possible way including direct Chinese Government support, regional Government support, and support through Red Cross China. 

The China International Development Cooperation Agency (CIDCA) has pledged an urgent emergency humanitarian aid of RMB 200 million to Sri Lanka, including 5000 tonnes of rice (with the previously announced 2000 tonnes), pharmaceuticals, production materials, and other essentials. Furthermore, the Yunnan Province has announced a donation of RMB 1.5 million worth of food packages to Sri Lanka. 

The Foreign Ministry added that the Foreign Minister extended Sri Lanka’s profound gratitude to the Government of China for its unwavering and consistence support. The discussions also focused on people-to-people exchanges, support at the multilateral fora, and poverty alleviation, among others. 

Foreign Secretary Admiral Prof. Jayanath Colombage, senior officials of the Ministry of Foreign Affairs, and officials of the Chinese Embassy were present during the meeting. (NewsWire)