The Government of Sri Lanka and the China Development Bank have entered into an agreement of RMB 2 billion – approximately Rs. 61.5 billion – Term Facility today (August 17), the Chinese Embassy in Colombo announced. In a tweet, the embassy stated that the agreement was signed upon the request from Sri Lanka to support its COVID19 response, economic revival, financial stability and livelihood betterment. China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today (17 Aug), upon a request from 🇱🇰 side to support its #COVID19 response, economic revival, financial stability and livelihood betterment. pic.twitter.com/ehkvWGfXzz— Chinese Embassy in Sri Lanka (@ChinaEmbSL) August 17, 2021

Source: The Nation August 17, 2021 09:22 UTC