INSUBCONTINENT EXCLUSIVE:
Sitharaman said in an interview in Washington Friday
looking to borrow $1 billion from Beijing so that it can repay existing Chinese loans due in July, as well as a $1.5 billion credit line to
The South Asian nation, which is running out of dollars to pay for imports, is also seeking aid from neighbor India, the World Bank and the
IMF.Sitharaman said she has also requested the IMF consider rapid aid for middle income-classified Sri Lanka -- typically given only to
struggled to manage its external debt, which had grown in part due to loans from China to fund ambitious infrastructure projects
Sri Lanka had about $3.5 billion in debt from China by end-2020, excluding loans to state enterprises, according to central bank
data.Source: Bloomberg-Agencies
This article first appeared/also appeared in https://adaderana.lk
