Sri Lanka's finance minister responded to comments from China's ambassador over Chinese loans to the island, as the spat between the two figures deepened this week.
China's Ambassador Yi Xianliang lashed out at minister Ravi Karunanayake after he criticised Chinese funding as "expensive loans". “We have regular, or fixed interest ratio for any developing country – 2%, not only for Sri Lanka... If you have some comparison with the commercial loan, commercial loan at least 5%.”