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China grants $90 million to Sri Lanka

Christian Fernsby ▼ | October 12, 2020
hina announced on Sunday that it was providing a $ 90 million grant to Sri Lanka, two days after the island nation’s president sought help from a visiting Chinese delegation in disproving a perception that China funded megaprojects are debt traps.
Sri Lanka
Grants   Sri Lanka
Calling the financial assistance a “timely grant,” the Chinese Embassy in Colombo said that it would be used for medical care, education and water supplies in Sri Lanka’s rural areas.

Topics: China Sri Lanka

The announcement follows a visit to the Indian Ocean island nation Friday by a Chinese delegation led by Yang Jiechi, a Communist Party Politburo member and a former foreign minister.

During talks with Yang, Sri Lankan President Gotabhaya Rajapaksa asked China to help him in disproving a perception that China funded megaprojects are debt traps aimed at gaining influence in local affairs.


 

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