China grants $90 million to Sri LankaChristian 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.
Grants Sri Lanka
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. ■