The government says that the China Development Bank (CDB) has expressed its willingness on joint investments with Sri Lankan banks and that further discussions are currently being held.

Heads of the CDB had discussed this issue while attending the Asian Development Bank’s 47th annual conference at Astana, the capital of Kazakhstan where Minister of International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama and senior officials of the ministry had participated, says the government.

The main function of the CDB is gathering the necessary funds for giant infrastructure construction purposes and had been established in 1994 under Chinese government ownership.

With some 3,500 in its staff the CDB is headquartered at Beijing in China.