“We need investments: not loans” Sri Lankan President tells Chinese Ambassador

Sri Lanka has made it a priority to attract investments instead of borrowing from foreign nations in its development efforts, said President Gotabaya Rajapaksa when he met the newly appointed Ambassador of the People’s Republic of China to Sri Lanka Qi Zhenhong at the President’s House on Thursday (19)

Nov 19, 2020
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Sri Lanka has made it a priority to attract investments instead of borrowing from foreign nations in its development efforts, said President Gotabaya Rajapaksa when he met the newly appointed Ambassador of the People’s Republic of China to Sri Lanka Qi Zhenhong at the President’s House on Thursday (19).

The President said China was instrumental in Sri Lanka’s infrastructure development, especially after winning the war against separatism, adding projects initiated with China’s support have high revenue and job creation potential.

“My intention is to reap the maximum benefits of these schemes before the end of the term,”the President said.

https://www.newsfirst.lk/2020/11/19/we-need-investments-not-loans-president-tells-chinese-ambassador/

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