Chinese banks “demotivated” by Sri Lankan criticism of loans
The Chinese Chamber of Commerce in Sri Lanka (CCCSL) said that Chinese banks were feeling demotivated to extend loans to Sri Lanka, amidst criticism of Chinese funded loans by Sri Lankan officials.
CCCSL spokesperson Chen Chuan stressed to Xinhua “that it is the Sri Lankan government that submitted applications for loans from Chinese banks and no one forced the Sri Lankan side to apply for loans”.
“Some high ranking official's wrong allegations on interest rates of Chinese loans have damaged the images of Chinese banks in Sri Lanka and demotivated their enthusiasm of offering preferential loans to the country,” added the spokesperson. "We hope that Sri Lankan official concerned will make remarks based on the facts, take the people's well-being as first priority and make joint efforts with the Chinese side to maintain the good environment of China-Sri Lanka pragmatic cooperation."