# China grants Rs.16.5bn to Sri Lanka.
An Agreement on Economic and Technical Cooperation between the Government of the People’s Republic of China and the Government of Democratic Socialist Republic of Sri Lanka, providing 600 million RMB yuan (LKR 16.5 billion/USD 90 million) in grant assistance, was signed by Wang Xiaotao, Chairman of China International Development Cooperation Agency (CIDCA) and S.R. Attygalle, Treasury Secretary of the Ministry of Finance of Sri Lanka, stated the Chinese Embassy in Sri Lanka.
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