Dealing with debt will be high on the agenda – but it is investment rather than loans from China that Sri Lanka will need to prioritize. Dissanayake’s election in September 2024 was an ...

Chinese loans have piled up for Sri Lanka, accounting for 52% of the island nation’s total foreign debt of $46.9 billion. Between 2000 and 2020 alone, China extended close to $12 billion in ...

Sri Lanka's economic dependence on China, especially under the Belt and Road Initiative (BRI), has already led to a "debt-trap" situation. High-interest loans for infrastructure projects like the ...

China has a trade interest in Sri Lanka and, between 2004 and 2014, gave the island nation some US$7 billion in loans and investments. The tiny South Asian nation that experienced its worst economic ...

China and Sri Lanka sign 15 cooperation documents China ... Colombo secured a preliminary $10 billion bilateral debt deal rework with key lenders including China, Japan and India last June and ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Sri Lanka’s economic crisis has deepened its reliance on Chinese investments, with Beijing accounting for over 20% of its external debt in 2022. China's financial leverage is evident in its ...

China’s support is vital for Sri Lanka to restructure its external debt. China accounts for about 10% of Sri Lanka’s loans, more than Japan or the Asian Development Bank. The country’s ...

Debt-stricken Sri Lanka marked its 77th independence anniversary with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged to heal Sri Lanka’s ...

BEIJING (Reuters) -China and Sri Lanka agreed on more investment and economic ... Colombo secured a preliminary $10 billion bilateral debt deal rework with key lenders including China, Japan ...