Chinese Ambassador to Sri Lanka Yi Xianling, addressing a media briefing in Colombo on Tuesday, November 1, stated that allegations being made that loans are being issued from China at a high interest rate, is unfair.
Yi Xianliang stated that he has observed that some media and some ministers speak of “expensive loans from China”, which is really unfair for the Chinese Government, as they have the regular or fixed interest ratios for any developing country – not only for Sri Lanka.
He went on to note that the fixed interest rate is 2% and in comparison with the commercial loan, that is at least 5%.
“I talked with Ravi, the Minister of Finance and asked him why he’s coming again to talk with me about another one if you criticised this issue many times publicly”, he added.
Furthermore, he said that the Sri Lankan people and the Government should have an attitude of ‘thanks.’
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