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New Delhi, January 23
There is disappointment in Colombo over the Chinese response to Sri Lanka’s debt woes as in comparison with the enthusiastic serving to hand by India.
Despite Sri Lanka risking India ire by allowing Chinese spy ships to dock at its ports, Beijing was seen as not simply tardy in helping Colombo when its financial woes had been the deepest but in addition delayed sending a letter to the IMF supporting its debt restructuring.
While India submitted its letter to the IMF on January 16 and made little noise about it until the Sri Lankan media gave the main points, the Chinese letter got here practically per week later after hypothesis mounted in Colombo about its hesitancy.
Sri Lanka’s disappointment got here to the fore after China merely despatched a letter to the Lankan Finance Minister backing the debt restructuring transfer however, in contrast to India, there was no letter to the IMF. According to World Bank estimates, China has lent Sri Lanka about $7 billion or 12 per cent of island nation’s $63 billion exterior debt.
On Monday, India was the primary nation at hand over its letter of help for financing and debt restructuring of Sri Lanka to the IMF. When Sri Lanka was in deep financial bother with no cash to import necessities from diesel to life-saving medicines, India had offered $4.5 billion in help. On the opposite hand, China had despatched 10,000 tonnes of rice, 9,000 litres of diesel, medicines and three million meters of faculty uniform materials.
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