19 March 2020 – Sri Lanka and China sign agreement for $500 million concessionary loan

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy, Foreign Affairs
Level of Jurisdiction: Supranational
Lead People/Agency: Prime Minister

Overview: China has urgently provided a concessionary loan of US$ 500 million with a term of 10 years, to help Sri Lanka financially to better respond to the current COVID–19 pandemic.

The agreement for the provision of the loan was signed at Temple Trees in the presence of Prime Minister Mahinda Rajapaksa.
Full details here: https://news.lk/news/politics/item/29778-sri-lanka-and-china-signs-agreement-for-us-500-million-concessionary-loan

Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – other
Evidence/Justification: On a request made by the Sri Lankan government China has urgently provided a concessionary loan of US$ 500 million with a term of 10 years, to help Sri Lanka financially to better respond to the current COVID–19 pandemic.