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Kristalina Georgieva - India tells IMF it ‘strongly supports’ Sri Lanka’s debt restructuring plan - newsfirst.lk - China - India - Sri Lanka
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India tells IMF it ‘strongly supports’ Sri Lanka’s debt restructuring plan
COLOMBO (News 1st) – India has told the International Monetary Fund that it confirms its strong support for Sri Lanka's prospective EFF-supported program.According to a letter seen by News 1st from Indian authorities to IMF Chief Kristalina Georgieva, India had noted it will commit to supporting Sri Lanka with financing/ debt relief consistent with restoring Sri Lanka's public debt sustainability under the IMF -supported program and ensuring that the program is fully financed as projected by IMF staff."In this context, we commit to continuing negotiations with the Sri Lankan government along with the Paris Club on a medium-to-long term debt treatment through maturity extension and interest rate reduction or any other financial operations that would deliver similar financing/ debt relief," noted the letter.According to this letter seen by News 1st, India says that the financing/ debt relief provided by Export-Import Bank of India will be consistent with restoring debt sustainability under the IMF-supported program."We look forward to continuing cordial and in-depth discussions with the Sri Lankan authorities, IMF and the Paris Club with a view to finalizing the specifics of this financingj debt relief in the coming weeks," the letter added. However, it had noted that the Sri Lankan authorities are expected to seek equitable debt treatments from all commercial creditors and other official bilateral creditors, as well as adequate financing contributions from the multilateral development banks. Sri Lanka requires the backing of China and India – its biggest bilateral lenders – to reach a final agreement with the IMF on the $2.9 billion loan that is essential to help the country emerge from its worst financial crisis in seven
China opposes any country receiving Dalai Lama - newsfirst.lk - China - Sri Lanka - region Tibet
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China opposes any country receiving Dalai Lama
COLOMBO (News 1st) – China has expressed opposition over the invitation extended to the Dalai Lama, the spiritual leader of the Tibetan people. Chargé d'affaires of the Chinese Embassy in Sri Lanka Hu Wei recently called on the Mahanayake Thero of the Malwathu chapter of Siam Nikaya, Most Venerable Thibbatuwawe Sri Siddhartha Sumangala Theroand stated that the government and people of China including in the Tibet Autonomous Region strongly oppose any foreign country to receive the Dalai Lama in any name.A statement from the Chinese Embassy on twitter noted that this is because the 14th Dalai Lama is absolutely not a "simple monk" as he self-claimed, but the head of the feudal serfdom and the theocracy in Tibet prior to 1951, a political exile disguised as a religious figure who has long been engaging in anti-China separatist activities and attempting to split Tibet from China.Chargé d'affaires of the Chinese Embassy in Sri Lanka Hu Wei has emphasized that China and Sri Lanka have been firmly supporting each other on issues concerning each other's core interests, including the Tibet related issue. He had noted that both sides especially the Buddhist communities must prevent a sneaky visit of the Dalai Lama to the island to promote "Tibetan independence" and safeguard the China-Sri Lanka historical relations from being damaged.Sri Lankan Buddhist monks recently invited exiled Tibetan spiritual leader the Dalai Lama to make his first visit to the island
Julie Chung - China responds to Julie Chung’s ‘spoiler’ comment - newsfirst.lk - China - Usa - Sri Lanka - Britain
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China responds to Julie Chung’s ‘spoiler’ comment
The Chinese Embassy in Sri Lanka has responded to the comments made by US Ambassador to Sri Lanka Julie Chung in a recent interview with the BBC.The Chinese Embassy in a statement said that their US colleague should commit to self-examination rather than play the blame game.Full Statement: “China, China, China!”, our US colleague starts chanting this infamous mantra and blaming China as a “spoiler” to the island’s negotiation with the IMF during her recent interview with a UK television program on Sri Lanka’s debt issue. Before her baseless accusing and lecturing, our US colleague should have at least asked herself: Who is the single largest shareholder of the IMF with a veto power over major policy decisions? Who is keeping printing US dollar, with more than $3 trillion in 2020 alone? Who are those private creditors owning 40% of Sri Lanka’s total external debt stock with the highest interest rates? Who sued Sri Lanka in its federal court immediately after the island’s default?The public may also like to know how the US have walked the talk to help the Sri Lankan people when they have already received 10000 MT of rice, 9000 Liters of diesel, 5 billion LKR of medicines and 3 million fabric meters of school uniform materials gifted by China?  They may also question what are the political pre-conditions of the US Aid, while being assured by China’s “No strings attached” commitment and practice.Isn’t it hypocrisy at its finest for our US colleague to play the blame game instead of a self-examination? After all, why didn’t the US take decisive actions in the IMF for a more comfortable solution for Sri Lanka?or extend grant to the island with the rocket amount of US dollars they print every year, instead of sowing discord
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