Sri Lanka says it has begun talks with China on refinancing debt -Breaking
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© Reuters. FILE PHOTO – A vendor makes a bag of vegetables for a customer in the main market after the generator went out. This was during the economic crisis that erupted in Sri Lanka’s Colombo on April 20, 2022. REUTERS/Dinuka LiyanawatteCOLOMBO, (Reuters) – Sri Lanka is in talks with China to refinance its debt. This comes as Colombo faces its most severe financial crisis for decades.
China indicated that their stance was that, because they have borrowed to many countries all over the globe, they would like to refinance that debt.” Nalaka godahewa is also the media minister of Sri Lanka.
He said that discussions with Beijing are still in an early stage.
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