China will agree to US$ 4 Billion aid for Sri Lanka ‘at some point’ – Palitha Kohona
Sri Lanka is continuing negotiations with China for as much as US$ 4 billion in aid and is confident Beijing will agree “at some point,” Bloomberg News reported on Friday (Jul 15), citing Sri Lanka’s ambassador to China.
Colombo is asking China for a loan of US$1 billion to repay an equivalent amount of Chinese debt coming due this year, Palitha Kohona said in an interview with Bloomberg.
Sri Lanka is also seeking a US$1.5 billion credit line to pay for Chinese imports and activation of a US$ 1.5 billion swap, Kohona added.
“We are confident that at some point the Chinese system will agree to our requests because these are not unreasonable requests,” the report quoted Kohona as saying.
“We have made similar requests to other creditors. Sri Lanka needs the funding to bring stability to our financial system and we are confident that the Chinese will come to the party sooner than later,” he added.

Latest Headlines in Sri Lanka
- President meets performing artists, pledges cultural support for rural communities May 25, 2025
- Colombo hit by 12-hour water cut today for emergency maintenance May 25, 2025
- New Zealand Deputy Prime Minister Winston Peters arrives in Sri Lanka May 25, 2025
- Duminda Dissanayake remanded until May 29 over gold-plated T56 firearm May 24, 2025
- Sri Lanka probing use of Rs. 22 Trillion obtained through loans May 24, 2025
Sir Lanka must avoid getting any assistance from China at any cost. The whole world knows China is not genuine. China has ruined many poor Countries. The acting President must think sensibly.
China is too late! Sri Lankens have already ruined Sri Lanka.