2. Breaking up this vicious cycle will not only curb the brutal tax burden on the people but also contribute to a much-needed reduction in the fiscal deficit. It will also help avoid Sri Lanka’s debt ...

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 ...

Therefore, debt-for-climate-and-nature (DfCN) swaps could be a possible option to lower the financial burden ... Sri Lanka’s debt portfolio is complex and its outstanding debt to China and ...

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 ...

China seems to be gearing up to further ensnare Sri Lanka in its debt trap. This became evident when Sri Lankan President Anura Kumara Dissanayake undertook a four-day visit to China in mid-January ...

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 ...

China and Sri Lanka agreed on more investment and economic ... Colombo secured a preliminary $10bn bilateral debt deal rework with key lenders including China, Japan and India last June and ...

In November 2023, Sri Lanka reached an agreement with China – its largest lender – to restructure US$4.2 billion of debt. Dissanayake had visited Delhi last month ahead of his China trip ...

BEIJING - 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 and India ...

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 ...

Dissanayake's visit to debt-ridden Sri Lanka's largest bilateral lender came after he first travelled to Beijing's regional rival India. Specifics of the deals signed between Sri Lanka and China ...