Sri Lanka crisis: Colombo reaches debt deal with China - BBC
WEBOct 13, 2023 · Sri Lanka has a total foreign debt of $46.9bn, 52% of which is owed to China, its largest lender. Reaching a deal with all of its creditors will allow Sri Lanka to keep accessing funds from a...
Sri Lanka says it has reached an agreement with China's EXIM …
WEBOct 12, 2023 · Sri Lanka has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion package from International Monetary Fund aimed at rescuing the island nation from a dire economic crisis.
Sri Lanka inks debt deal with creditor nations, including China
WEBJun 26, 2024 · Sri Lanka on Wednesday signed agreements with China and other creditor nations to restructure about $10 billion in bilateral debt, in a major step towards stabilising its crisis-hit economy.
China confirms offer to Sri Lanka of debt moratorium | AP News
WEBFeb 3, 2023 · China’s government on Friday, Feb. 2, 2023, confirmed it is offering Sri Lanka a two-year moratorium on loan repayment as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis.
Sri Lanka’s IMF deal edges closer as China backs debt restructure
WEBMar 7, 2023 · China has agreed to support Sri Lanka’s debt restructuring in a crucial step towards securing a $2.9bn IMF rescue package and pulling the country out of an economic crisis.
Sri Lanka leader says IMF deal imminent after China’s pledge
WEBSri Lanka’s president said Tuesday that China has given crucial debt restructuring assurances that mean the bankrupt Indian Ocean nation could get its $2.9 billion bailout package approved soon.
Exclusive: China promises Sri Lanka deal on debt treatment in …
WEBCOLOMBO, March 8 (Reuters) - The Export-Import Bank of China has told Sri Lanka it will try to finalise in the months ahead how it treats debt owed by the crisis-hit nation, according to a...
Crisis-hit Sri Lanka asks China to restructure its debt - BBC
WEBThe president of crisis-hit Sri Lanka has asked China to restructure its debt repayments as part of efforts to help the South Asian country navigate its worsening financial situation.
Sri Lanka reaches preliminary debt restructuring deal with China’s …
WEBOct 12, 2023 · China’s foreign ministry said on Tuesday that Exim Bank and Sri Lanka had reached the tentative deal late last month. The deal is the largest breakthrough in Sri Lanka’s efforts to...
Sri Lanka, China Agree to Restructure $4.2 Billion of Debt
WEBOct 12, 2023 · Sri Lanka and China agreed to restructure $4.2 billion of debt, putting the South Asian nation closer to securing more funds from the International Monetary Fund.