China gifts Rs 16.5 billion grant to Sri Lanka
The Chinese Embassy in Sri Lanka said that an agreement on Economic and Technical Cooperation was signed between Sri Lanka and China providing Rs. 16.5 billion in grant assistance.
Apart from this grant Sri Lanka will also shortly sign an agreement to obtain a US$ 500m concessionary loan from China, The Sunday Times newspaper reported today.
On 9th October, 600 million RMB (LKR 16.5 billion) 🇨🇳grant was signed by Chairman Wang Xiaotao @cidcaofficial & 🇱🇰Treasury Secretary S.R. Attygalle with a high priority on #lka medical care, education and water supply etc for the well-beings of 🇱🇰 people in a #postCOVID era. pic.twitter.com/E4qNPJeXhb— Chinese Embassy in Sri Lanka (@ChinaEmbSL) October 11, 2020