China says the grant to Sri Lanka will be used for medical care, education and water supplies in rural areas. Photo: Xinhua
China says the grant to Sri Lanka will be used for medical care, education and water supplies in rural areas. Photo: Xinhua

Sri Lanka secures US$90 million grant from China amid ‘debt trap’ call

  • Island’s president asks Beijing for help to disprove that Chinese-funded megaprojects involved impossible repayments
  • Financial injection follows visit to Colombo last week by Politburo member Yang Jiechi

China says the grant to Sri Lanka will be used for medical care, education and water supplies in rural areas. Photo: Xinhua
China says the grant to Sri Lanka will be used for medical care, education and water supplies in rural areas. Photo: Xinhua
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