China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

BEIJING (Reuters) -China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China's President Xi Jinping met recently-elected Sri Lankan President Anura Kumara Dissanayake in Beijing.

Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

Sri Lanka and China have agreed to work towards the early conclusion of a comprehensive Free Trade Agreement (FTA) in “one package” in line with the principles of equality, mutual benefit and win-win

According to a press release by the Sri Lankan President's media division, his visit marked a “significant milestone” by securing the largest foreign direct investment to date of $3.7 billion Chinese investment to build a state-of-the-art oil refinery at Hambantota.