Sri Lanka-IMF Meet Affects China’s Credit Talks, Envoy Says
- China was considering $2.5 billion in fresh aid to Sri Lanka
- Funds from IMF to aid Sri Lanka over worsening crisis
Sri Lankan university students protest outside the president’s office amid the country's ongoing economic and political crisis, in Colombo, April 24.
Photographer: Buddhika Weerasinghe/Getty Images
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Sri Lanka’s meeting with the International Monetary Fund for a bailout has impacted ongoing credit talks with Beijing, China’s envoy to the country, Qi Zhenhong, told reporters on Monday.
“Sri Lanka going to IMF with a short notice has unavoidably impacted the discussion” on the $1.5 billion credit line, Qi told a briefing, adding that China is closely monitoring the talks between the country and the multilateral lender.