India overtakes China to become largest lender of Sri Lanka

Sep 18, 2022

Colombo [Sri Lanka], September 18 : With a total of USD 968 million in loans in four months of 2022, India has emerged as...

China may disagree with Western creditors on Sri Lanka's debt restructuring

Sep 04, 2022

Colombo [Sri Lanka], September 5 : China, Colombo's largest bilateral lender may disagree with Western creditors on Sri Lanka's debt restructuring.

China dodges request on debt relief, says the ball is in Sri Lanka's court

Aug 27, 2022

Colombo [Sri Lanka], August 27 : China, Colombo's largest bilateral lender dodged the request for debt relief and said that the ball is in...

China acts as impediment to Sri Lanka's IMF deal

Dec 15, 2022

Debt restructuring is one of the prerequisites of the IMF's bailout package for Sri Lanka. The process is, however, getting delayed due to Sri...

Rescuing Sri Lanka: India emerges as top lender, ADB on second

Jul 19, 2022

Colombo [Sri Lanka], July 19 : At a time when Sri Lanka is facing an unprecedented economic fiasco, the country's finance ministry said that...

Sri Lanka succumbs to Chinese investment trap

Mar 22, 2022

Colombo [Sri Lanka], March 22 : Sri Lanka is battling one of its worst economic crises in over seven decades, as successive governments in...