The Sri Lankan government has reached an agreement with China worth 61.5 billion rupees in the face of severe foreign exchange reserves.

The China embassy in Colombo posted on its official Twitter page that the deal was made at the request of the Sri Lankan government. According to the China Embassy in Sri Lanka, the China Development Bank and the Government of Sri Lanka have signed an agreement worth 61.5 billion rupees. The China embassy in Sri Lanka posted on its Twitter account that the agreement was signed on a two-year lease. The China embassy in Colombo said the aid was being provided at the request of the Sri Lankan government.

The China embassy said the financial assistance was for Sri Lanka's anti-corruption measures, building the economy, stabilizing financial stability and improving livelihoods.