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Sri Lanka′s foreign debt default: Why the island nation went under | Business | Economy and finance news from a German perspective | DW

A few years ago, Sri Lanka had a booming tourism industry and promising infrastructure projects that made global headlines. Now the country is broke. What went wrong? ....

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China Hesitates on Bailing Out Sri Lanka, Pakistan as Debt Soars

Over the past few years, the U.S. has accused China of using “debt diplomacy” to make developing nations across the world more dependent on Beijing. ....

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Sri Lanka seeks Chinese debt restructuring amid crisis

COLOMBO, Sri Lanka (AP) The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of its loans and access to preferential credit for imports of essential goods, as the island nation struggles in the throes of its worst economic crisis, partly due to Beijing-financed projects that don’t generate revenue. ....

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Sri Lanka seeks Chinese debt restructuring amid crisis

COLOMBO, Sri Lanka (AP) — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of its loans and access to preferential credit for imports of essential ....

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China foreign minister in Sri Lanka to discuss Belt and Road

China foreign minister in Sri Lanka to discuss Belt and Road
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