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Sri Lankan PM Dinesh Gunawardena meets Chinese President Xi Jinping

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This handout {photograph} launched by Sri Lanka Prime Minister’s Office on March 27, 2024 reveals Sri Lanka’s Prime Minister Dinesh Gunawardena (left) shaking palms with China’s President Xi Jinping earlier than a gathering in Beijing.
| Photo Credit: AFP

Chinese President Xi Jinping has assured steady assist to Prime Minister Dinesh Gunawardena for Sri Lanka’s efforts for “political and socio-economic progress” and in addition mentioned Beijing will stand for safeguarding the island nation’s territorial integrity and sovereignty.

China and Sri Lanka agreed to proceed to behave below the friendship, peace, mutual respect and fivefold precept in worldwide affairs that don’t intervene within the inner affairs of a rustic throughout a gathering between Mr. Xi and Mr. Gunawardena on March 27 at Great Hall in Beijing, the Prime Minister’s workplace mentioned in an announcement in Colombo on March 28.

“Chinese President assured continuous support of China to Sri Lanka’s efforts for political and socioeconomic progress. The Chinese President said that China will always stand for safeguarding independence, territorial integrity and sovereignty of Sri Lanka,” the assertion mentioned.

“It was emphasised that bilateral relations should be based on mutual respect and mutual productivity between the countries, and acting according to that policy would set a good example for both countries,” it added.

President Xi assured that China will assist the schemes obligatory for the event of Sri Lanka as quickly as they’re offered.

China is keen to work with Sri Lanka to hold ahead the spirit of the Rubber-Rice Pact, which is characterised by “independence, self-reliance, unity and mutual support,” to consolidate political mutual belief, improve exchanges of expertise in governance, broaden sensible cooperation, and advance the high-quality Belt and Road cooperation, Mr. Xi was quoted as saying in an official press launch in Beijing.

Earlier on March 26, China and Sri Lanka signed 9 new agreements as Prime Minister Mr. Gunawardena met his counterpart Chinese Premier Li Qing amid Colombo’s efforts to restructure its bankrupt economic system however no particulars concerning the settlement had been made accessible.

China is Sri Lanka’s largest bilateral lender proudly owning 52% of the $40 billion exterior debt when Sri Lanka introduced its sovereign default in 2022.

The Chinese assurance comes days after the International Monetary Fund (IMF), which concluded its second evaluation of the $2.9 billion bailout with Sri Lanka, mentioned reaching an settlement with the nation’s business collectors, the worldwide bondholders and China Development Bank was the important thing to reaching debt sustainability.

During the high-level bilateral talks, the Chinese Premier praised Sri Lanka’s financial progress after a interval of financial draw back and mentioned his nation would additionally prolong help to develop Katunayake International Airport, Hambantota Port and Colombo Port City, information portal NewsFirst.lk mentioned.

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