Sri Lanka's economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic ...

In Sri Lanka, China's Building Spree Is Raising Questions About Sovereignty A Chinese state-owned operator took control of a port on a 99-year lease after Sri Lanka defaulted on its loans.

In 2020, Sri Lanka received a $3 billion loan from China to help pay off existing debts. In January, the president once again appealed to China for help restructuring its debts to Chinese entities.

Sri Lanka's President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of efforts to help the South Asian country weather a worsening financial crisis, his office said in ...

However, China is indispensable to Sri Lanka. First of all, China is the country’s largest source of FDI, one of its leading commercial lenders, and even its biggest supplier of tourists.

When Sri Lanka’s government first looked to develop a port on its southern coast that faced the Indian Ocean, it went not to China, but to its neighbor, India. Then-Sri Lankan Prime Minister ...

Wariness over China. The root cause of Sri Lanka’s economic problem is its debt-fuelled growth strategy. In 2022 when Sri Lanka declared bankruptcy, it had a total outstanding debt of US$51 billion.

Under him, Sri Lanka relied heavily on China for economic support, military equipment and political cover at the United Nations to block potential sanctions. The war ended in 2009, ...

Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo's envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to ...

A Chinese state-owned operator took control of a port on a 99-year lease after Sri Lanka defaulted on its loans. An adviser to Sri Lanka's president said the government wants China to "give it back." ...