Sri Lanka

Debate between Lord Ahmad of Wimbledon and Baroness Amos

Thursday 21st July 2022 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, I agree with the right reverend Prelate. We have discussed before in your Lordships’ House the ever-growing role of China, and it is important that we work not just as the United Kingdom but with key allies, including the European Union, America and other like-minded partners, to offer economical alternatives for long-term infrastructure development. He is correct that we have seen the key port in Sri Lanka being financed by Chinese money, which then leads to a large level of debt being held by the Chinese. Current stats show that China holds 10% of Sri Lanka’s external debt stock. Although at a similar level to Japan, that debt is nevertheless on a rate which disables the economy rather than enabling it.

[Baroness Amos (Lab)]

My Lords, can I press the Minister on the humanitarian support that we are giving to Sri Lanka? Last month, inflation on food prices was 80%. There is rising unemployment and the World Food Programme has talked about 3 million people in need of dire humanitarian assistance. Supporting a co-ordinator in New York is not going to deal with the immediacy of that humanitarian crisis.