Tamil Diplomat

China says Sri Lanka loans made “based on consensus”

China’s loans to Sri Lanka were made based on consensus through talks between the two countries and at Sri Lanka’s request, the Chinese Foreign Ministry said on Monday, after Sri Lanka’s foreign minister expressed concern about the loans.The minister, speaking in Beijing over the weekend, said Sri Lanka’s finance minister would visit Beijing to discuss the roughly $5 billion owed to China.

Chinese Foreign Ministry spokeswoman Hua Chunying said the loans were made on the principle of mutual benefit and would help promote development in Sri Lanka.”The loans are extended at the request of Sri Lanka and based on consensus through consultations,” she told a daily news briefing.”The loan arrangements are for the whole nation and people and have played a positive role in the economic and social development of Sri Lanka,” Hua added.