China says SL won’t have to repay principal and interest due in 2021, 2022 to EXIM Bank

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China’s Exim Bank has given Sri Lanka a two-year moratorium on its defaulted loans and will discuss additional re-structuring within the ‘window’ Foreign Ministry spokesperson Mao Ning has said.

The Export-Import Bank of China has sent a letter to Sri Lanka on January 19 saying installments including interest due in 2022 and 2023 would not have to be repaid.

Meanwhile, she said the Bank would like to have friendly consultations with Sri Lanka regarding medium- and long-term debt treatment in this window period and the Bank will make best efforts to contribute to the debt sustainability of Sri Lanka.