China lost USD 7 billion from Sri Lankan debt restructuring

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..... China lost USD 7 billion from Sri Lankan debt restructuring
PTI News
Dated:- 18-3-2025
PTI
Colombo, Mar 18 (PTI) China has suffered a loss of USD 7 billion from Sri Lanka’s external debt r .....

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..... estructuring, a media report said on Tuesday. The state-owned Daily News quoted Chinese Ambassador to Colombo Qi Zhenhong as saying that China was Sri Lanka’s first bilateral creditor to enter a res .....

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..... tructuring agreement in October 2023. “However the public does not know about these details. This is because we do not shout about our assistance to Sri Lanka." Sri Lanka went on to restructure US .....

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..... D 46 billion of external credit when the island nation announced its first sovereign default in the economic crisis of 2022. The ambassador expressed hope that both China and India can work jointly .....

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..... to develop Sri Lanka’s northern province. He said China was not in dispute with India as both countries have grown rapidly and should work together to achieve shared goals. “I hope China, India an .....

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..... d Sri Lanka can work together one day to implement a viable project here," the ambassador said. PTI CORR PY PY PY
News - Press release - PIB .....

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