Monday, November 22, 2010

Sri Lanka benefits in threesome with China and India...

As India and China jostle for influence in the Indian Ocean region, the island nation of Sri Lanka seems to be getting unintended economic benefits.

China has pledged more financial assistance as Sri Lanka's President Mahinda Rajapaksa visited Shanghai Expo exhibition earlier this month.

China is already the biggest lender for the Indian Ocean island. Sri Lanka's Deputy Minister for Economic Development Lakshman Yapa Abeywardene says that China has, so far, pledged more than $3bn (£1.9bn) for infrastructure development, maintenance and other projects.

"China has been investing in Sri Lanka when many other countries were reluctant to invest during the war," he tells BBC Sinhala service. More...

Don't miss:
  1. India to build 50,000 houses for Tamils in Sri Lanka...
  2. India moans as China honeymoons in South Asia...
  3. China's role in the Sri Lankan war...
  4. Sri Lankan Tamils angry with China, India...
  5. China and India in blossoming love affair with Sri Lanka...

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