China mulling US$1.5b credit facility for Sri Lanka, envoy says

China is considering offering a US$1.5 billion credit facility to Sri Lanka and a decision is expected soon, a top Chinese official said on Monday, as part of efforts to help the island nation amid its worst economic crisis in decades.Chinese ambassador to Sri Lanka Qi Zhenhong told reporters the two sides were also discussing a separate loan of up to US$1 billion which the Sri Lankan government had requested.He added that the South Asian nation was offered a loan of US$500 million from the…

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