{"id":68084,"date":"2020-03-18T16:35:57","date_gmt":"2020-03-18T21:35:57","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=68084"},"modified":"2020-03-18T16:35:57","modified_gmt":"2020-03-18T21:35:57","slug":"china-extends-500-million-financial-assistance-to-sri-lanka-for-combatting-covid-19-threat-sri-lankan-finance-ministry-and-china-development-bank-sign-agreement-with-big-concessional-te","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=68084","title":{"rendered":"China Extends $ 500 Million Financial Assistance  to Sri Lanka For  Combatting COVID 19 Threat ; Sri Lankan Finance Ministry and China Development Bank Sign Agreement with \u201cbig concessional terms on both interest and tenure\u201d at &#8220;Temple Trees&#8221;."},"content":{"rendered":"<p><strong>By<\/p>\n<p>Meera Srinivasan<\/strong><\/p>\n<p>China will extend financial assistance amounting to $500 million to Sri Lanka to help the island nation combat COVID19 that has affected 50 persons so far. One patient has recovered, authorities said.<\/p>\n<p>According to a press statement from the Chinese Embassy here, the Finance Ministry of Sri Lanka and the China Development Bank (CDB) on Wednesday signed the agreement, with \u201cbig concessional terms on both interest and tenure\u201d, at Temple Trees, the official residence of Prime Minister Mahinda Rajapaksa.<\/p>\n<p><!--more--><\/p>\n<p>\u201cThe facility was urgently requested by the Sri Lankan government and supported by the Chinese side, under current financial situation in Sri Lanka and the background of fighting COVID-19 pandemic with all-out efforts,\u201d the Chinese Embassy\u2019s statement said.<\/p>\n<p>The maturity period of 10 years, the statement said, is the \u201clongest tenure\u201d of financing facility for Sri Lanka.<\/p>\n<p>Sri Lanka and China enjoy strong ties, including development cooperation in key infrastructure projects in the island.<\/p>\n<p>In February, President Gotabaya Rajapaksa gifted a consignment of Ceylon Tea to the Chinese Embassy, to be sent to those affected by COVID-19 in China.<\/p>\n<p><em>Courtesy:The Hindu<\/em><\/p>\n<div id=\"tweetbutton68084\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D68084&amp;text=China%20Extends%20%24%20500%20Million%20Financial%20Assistance%20%20to%20Sri%20Lanka%20For%20%20Combatting%20COVID%2019%20Threat%20%3B%20Sri%20Lankan...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>By Meera Srinivasan China will extend financial assistance amounting to $500 million to Sri Lanka to help the island nation combat COVID19 that has affected 50 persons so far. One patient has recovered, authorities said. According to a press statement from the Chinese Embassy here, the Finance Ministry of Sri Lanka and the China Development &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=68084\" class=\"more-link\">Continue reading &lsquo;China Extends $ 500 Million Financial Assistance  to Sri Lanka For  Combatting COVID 19 Threat ; Sri Lankan Finance Ministry and China Development Bank Sign Agreement with \u201cbig concessional terms on both interest and tenure\u201d at &#8220;Temple Trees&#8221;.&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/68084"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68084"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/68084\/revisions"}],"predecessor-version":[{"id":68085,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/68084\/revisions\/68085"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}