‘Stance on China has completely changed’ says Sri Lanka amidst looming financial crisis
The current Sri Lankan government, which came into power last year, had initially halted a Chinese port project in Colombo, due to concerns on how the project was agreed on by the previous Rajapaksa regime.
The suspension of work was costing $380,000 a day said the state-owned China Communications Construction Co Ltd (CCCC), before “the new Sri Lankan government understood the reality and also the fact that they were legally bound by the contract," said an official at CHEC Port City Colombo (Pvt) Ltd.
Now Sri Lanka’s cabinet spokesman Rajitha Senaratne told Reuters "the stance on China has completely changed".
His comments come as Sri Lanka’s finances deteriorated the government looked to the IMF for an emergency loan to avoid a balance-of-payments crisis.
"Who else is going to bring us money, given tight conditions in the West?" said Mr Senaratne.