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colombo [Sri Lanka]The Chinese embassy in Sri Lanka has lashed out at the United States in recent days after a U.S. diplomat called China a “spoiler” in Sri Lanka’s negotiations with the International Monetary Fund (IMF) in recent interviews, Jan. 18.
It is worth noting that US Ambassador to China Christy Chung joked in Beijing in an interview with the British television network BBC Newsnight that the US hoped that China would not delay its support for Sri Lanka’s debt restructuring process because the island nation has no time to delay, according to the Colombo Communiqué .
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“For the benefit of the Sri Lankan people, we certainly hope that China will not disrupt the situation as they proceed to reach an IMF agreement,” Zhong further said.
In a press release on Tuesday, the Chinese embassy in Sri Lanka hit back at Zhong’s remarks, calling them “baseless accusations and preaching.” It further slammed the US envoy for accusing China of being a “spoiler” in Sri Lanka’s talks with the International Monetary Fund (IMF).
“Before she makes baseless accusations and lectures, our American colleagues should at least ask themselves: Who is the single largest shareholder of the IMF with veto power over major decisions? Who is continuing to print dollars, 2020 Will it exceed US$3 trillion per person?” the Chinese embassy in Sri Lanka said in a tweet.
Instead of sowing discord between Sri Lanka and China, China questioned in the press release why the US did not take decisive action at the IMF to find a more comfortable solution for Sri Lanka
“Isn’t our US colleagues playing the blame game instead of self-reflection, hypocrisy at its best? After all, why doesn’t the US take decisive action at the IMF to provide a more comfortable solution for Sri Lanka? Or the Chinese embassy in Sri Lanka The official Twitter account tweeted on Tuesday:
The Chinese embassy further tweeted that both Chinese and Sri Lankan people are wise enough to judge who is the destroyer of our development without any foreign preaching.
The embassy was outraged by her assertion that China was a “spoiler” of Sri Lanka’s efforts to reach a deal with the International Monetary Fund (IMF). Both Sri Lanka and Pakistan are caught in China’s debt orbit, but China has refused to defer Sri Lanka’s loan repayments despite offering a bailout package to Pakistan, True Ceylon News reported.
Prior to this, Sri Lanka had requested China for financial assistance and debt restructuring, which accounted for about 10% of Sri Lanka’s total external debt.
But China reportedly said it was difficult for them to deal with Colombo’s request because of the “serious challenges and complications” posed by Sri Lanka’s unilateral announcement of a debt moratorium.
China’s ambassador to Sri Lanka, Qi Zhenhong, said, “China has tried its best to help Sri Lanka not to default, but unfortunately they ran to the IMF and decided to default. Debt restructuring will definitely have an impact on future bilateral loans.” Sri Lanka’s colony in this More obligation to help at all times,” reports True Ceylon News. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)
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