---
title: "China Gives Financing Assurances To Sri Lanka For IMF Bailout Package"
url: https://www.lankaxpress.com/china-gives-financing-assurances-to-sri-lanka/
type: post
date: 2023-01-22
modified: 2023-01-22
markdown_url: https://www.lankaxpress.com/china-gives-financing-assurances-to-sri-lanka.md
author: "admin"
---

# China Gives Financing Assurances To Sri Lanka For IMF Bailout Package

China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country to secure the loan from the global lender to recover from its worst-ever economic crisis.

The Sunday Times newspaper reported that China’s Exim Bank delivered a letter on Saturday granting Sri Lanka a two-year moratorium on repayment and agreeing with the International Monetary Fund's extended fund facility (EFF).

The report was confirmed by Sri Lankan officials who did not want to be named.