The Government of Sri Lanka and the China Development Bank signed an RMB 2 billion – approximately Rs. 61.5 billion – Term Facility agreement yesterday (August 17), according to the Chinese Embassy in Colombo.
The embassy stated in a tweet that the agreement was signed in response to Sri Lanka’s request to support its COVID19 response, economic revival, financial stability, and livelihood improvement.
China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today (17 Aug), upon a request from 🇱🇰 side to support its #COVID19 response, economic revival, financial stability and livelihood betterment. pic.twitter.com/ehkvWGfXzz
— Chinese Embassy in Sri Lanka (@ChinaEmbSL) August 17, 2021
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