EXIM Bank of China, as the official bilateral creditor, provided a financing support document to the Ministry of Finance, Economic Stabilisation and National Policies of Sri Lanka, saying it is going to provide an extension on the debt service due in 2022 and 2023.
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
Beijing [China], October 1 (ANI): Ahead of the 20th National Congress later this month, China's yuan, also known as the Renminbi, remained near a record low level against the US dollar on the offshore market this week.
Zhengzhou [China], July 24 (ANI): A senior official, Li Huanting, who worked under the Chinese financial watchdog's provincial bureau is facing a probe for serious law violations, a local media report said.
Zhengzhou [China], July 22 (ANI): In order to placate the Henan bank protestors, the provincial financial supervision bureau has published a notice that they will repay the victims of the recent banking scam, local media reported.
Zhengzhou [China], July 20 (ANI): The Chinese Communist Party's tanks on Wednesday rolled on the streets to scare Henan bank protestors amid large-scale protests in the province by bank depositors over the release of frozen funds.
Vientiane [Laos], July 17 (ANI): Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new momentum to 'debt trap' diplomacy criticism.
Zhengzhou [China], July 14 (ANI): Amid large-scale protests in Henan province by bank depositors over the release of frozen funds, white-clothed men, who are suspected to be from the Chinese People's Armed Police Force, suppressed the protests in front of the Zhengzhou People's Bank of China
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
Beijing [China], May 10 (ANI): China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the USD, the lowest figure since October 30, 2020.
Islamabad [Pakistan], February 23 (ANI): Pakistan railway line project, Main Line (ML-1), is hanging in the balance owing to the financial delays by Exim Bank of China.
Taipei [Taiwan], January 7 (ANI): Several officials of Taiwan and members of the Human Rights Network for Tibet and Taiwan (HRNTT) protested here in front of the Bank of China, the only Chinese government entity in Taiwan, on January 5, calling for a boycott of the Winter Olympics due to Chi