Search For "sri lanka debt"
Sri Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 8 months ago IST
In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
Read More
China's aggressive approach in Sri Lanka's energy sector raises concern ab
Updated : 2 years, 9 months ago IST
Due to its location in the Indian Ocean, Sri Lanka has long been seen as a strategically significant nation by China. For this reason, Beijing has actively boosted its presence and influence in Sri Lanka over the years, especially in the energy industry, Daily Mirror Online reported.
Read More
Change in China's stance on debt restructuring for Sri Lanka in 2023 unlik
Updated : 2 years, 9 months ago IST
China's Vice Minister of Foreign Affairs Sun Weidong invited Sri Lankan President, Ranil Wickremesinghe, to China for a conference on China's Belt and Road initiative. Wickremesinghe might be trying to go to China to discuss debt restructuring.
Read More
Why China's SINOPEC is interested in export-oriented oil refinery in Sri L
Updated : 2 years, 11 months ago IST
Moreover, the current government once again announced a new big project that China is ready to start in Hambantota. The news is that a massive oil refinery aimed at export will be built in Hambantota with Chinese investment. This massive Chinese project is currently undergoing preliminary wo
Read More
Sitharaman participates in event on Sri Lankan debt issues on sidelines of
Updated : 2 years, 11 months ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman participated in the high-level meeting on Sri Lanka's debt issues on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings.
Read More
PM Modi, Japanese counterpart Kishida discuss Sri Lanka's debt issues, agr
Updated : 2 years, 11 months ago IST
The officials said that: "India has been invited along with Australia, Cook Islands, Brazil, Vietnam, Indonesia and others for the G7 Summit in Japan. India has huge potential and demand in terms of infrastructure development"
Read More
Sri Lanka govt debt rose to 115.2 pc of GDP by 2022-end: Report
Updated : 2 years, 11 months ago IST
The gross debt of Sri Lanka's central bank was roughly 4.66 per cent of the GDP. Moreover, the central bank used special drawing privileges that required interest payments.
Read More
Pitfalls of Chinese investments in Sri Lanka
Updated : 3 years ago IST
China's external lending and even private corporation's activities abroad are dictated by political considerations. Its foreign investment has become a tool for buying geopolitical influence with a detrimental impact on the targeted country's fragile democratic machinery as well as the local
Read More
China warns US against "finger-pointing" Moscow-Beijing ties
Updated : 3 years ago IST
Speaking at a regular press conference, China's Foreign Ministry spokesperson Wang Wenbin said, "China-Russia comprehensive strategic partnership of coordination is built on the basis of non-alliance, non-confrontation and non-targeting of third countries, and is within the sovereign rights
Read More
Debt relief reiterated by China to Sri Lanka falls short of overall burden
Updated : 3 years, 1 month ago IST
EXIM Bank of China, as the official bilateral creditor, provided a financing support document to the Ministry of Finance, Economic Stabilisation and National Policies of Sri Lanka, saying it is going to provide an extension on the debt service due in 2022 and 2023.
Read More
China's huge investments in countries, a front for debt trap diplomacy: Re
Updated : 3 years, 1 month ago IST
China is making huge investments in underdeveloped or poor countries ultimately setting them up for defaulting on China's loans and making compromises to China
Read More
China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 1 month ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
Read More