China becomes wild card in Sri Lanka’s debt crisis
2 years, 7 months ago

China becomes wild card in Sri Lanka’s debt crisis

Associated Press  

COLOMBO, Sri Lanka — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. Lack of cooperation by Beijing “would complicate Sri Lanka’s debt recovery journey,” said Aditi Mittal of Verisk Maplecroft, a consulting firm, in an email. In a written response to questions, the Chinese foreign ministry said Beijing is ready to “play a positive role in easing Sri Lanka’s debt burden” but gave no indication whether the amount owed might be reduced. In April, then-opposition leader Ranil Wickremesinghe told broadcaster Republic TV that China offered a $1 billion loan instead of reducing Sri Lanka’s debt. “Then the others won’t come onboard.” Even if Beijing balks, Sri Lanka can’t afford to alienate China, its biggest potential lender and investor, said Wijewardena.

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History of this topic

Sri Lanka's President plans to visit China after his first overseas trip to India: Official
4 weeks, 1 day ago

Sri Lanka's President plans to visit China after his first overseas trip to India: Official

India TV News  

Colombo: Sri Lankan President Anura Kumara Dissanayake plans to visit China following his proposed official trip to India, Cabinet spokesman Nalinda Jayathissa said on Tuesday. On behalf of Prime Minister Narendra Modi, Minister Jaishankar had extended an invitation to President Dissanayake to undertake a visit to India at a mutually convenient date, according to a local media report. The Chinese …

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election
2 months, 2 weeks ago

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election

Associated Press  

COLOMBO, Sri Lanka — India’s Foreign Minister S. Jaishankar met Sri Lanka’s newly elected President Anura Kumara Dissanayake Friday in the first such visit of a dignitary since a new government took office in the island nation last month, amid questions over how Dissanayake would balance between regional powers China and India. At the same time, China’s support to restructure …

Xi says wants to deepen BRI cooperation with Sri Lanka under new leader
3 months ago

Xi says wants to deepen BRI cooperation with Sri Lanka under new leader

The Hindu  

Chinese President Xi Jinping on Monday said he hoped to broaden cooperation with Sri Lanka under his Belt and Road infrastructure initiative as he congratulated the island nation's new leader Anura Kumara Dissanayake. "I attach great importance to the development of China-Sri Lanka relations and am willing to work with Mr. President to continue our traditional friendship enhance mutual political …

Sri Lanka inks pacts with OCC, China to restructure debt
5 months, 4 weeks ago

Sri Lanka inks pacts with OCC, China to restructure debt

Hindustan Times  

New Delhi: Sri Lanka on Wednesday signed separate debt restructuring agreements with the Official Creditors Committee, a group co-chaired by India, and China’s Exim Bank, with New Delhi saying it will continue supporting Colombo’s economic recovery through long-term investments. The Official Creditors Committee is co-chaired by India After the International Monetary Fund’s approval of an extended fund facility for Sri …

Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
5 months, 4 weeks ago

Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Similarly, we signed another agreement with China’s Exim Bank today in Beijing.. Sri Lanka won,” Wickremesinghe said. Sri Lanka declared bankruptcy in April 2022 and suspended repayments on some $83 …

Sri Lanka seals debt deal with Official Creditor Committee after financial crisis
5 months, 4 weeks ago

Sri Lanka seals debt deal with Official Creditor Committee after financial crisis

The Hindu  

In what it termed a significant milestone, Sri Lanka on Wednesday sealed a deal with the Official Creditor Committee, to restructure the debt owed to its bilateral lenders including India, and signed a separate agreement with China for debt treatment. “Sri Lanka reached a final restructuring agreement for $5.8 billion of debt with its bilateral lenders’ Official Creditor Committee in …

'Procedural issues' delaying Sri Lanka debt deal: IMF
6 months, 1 week ago

'Procedural issues' delaying Sri Lanka debt deal: IMF

The Hindu  

Sri Lanka's planned foreign debt restructure after an unprecedented economic crisis has been delayed by "procedural issues" in negotiations with bilateral creditors including China, the International Monetary Fund said on June 14. The Washington-based lender of last resort this week gave Sri Lanka the latest tranche of a rescue package designed to help repair the island nation's ruined finances after …

China agrees to consider restructuring repayment of loans, says Maldives President Muizzu
11 months, 1 week ago

China agrees to consider restructuring repayment of loans, says Maldives President Muizzu

Firstpost  

Maldives President Mohamed Muizzu said on Saturday that China, the largest external creditor to the country, has agreed to consider restructuring the repayment of loans taken by his country and the governments will initiate negotiations soon. Muizzu told the media in Male after his return from a five-day high-profile state visit to China that he has directly appealed to Chinese …

China turns the tables on Wall Street
1 year ago

China turns the tables on Wall Street

Live Mint  

China is upending how the international financial system handles debt crises in the developing world. China expects bondholders to take greater losses than official creditors and for multilateral banks to forgo some of what they were owed—a reversal of the Paris Club norm, people familiar with the matter said. “The onus was on the Paris Club members that had experience …

Sri Lanka reaches agreement with India, Paris Club on debt treatment
1 year ago

Sri Lanka reaches agreement with India, Paris Club on debt treatment

The Hindu  

Sri Lanka has reached an “agreement in principle” with India and the Paris Club group of creditors including Japan, on a debt treatment plan that will help the crisis-hit island nation tap the next tranche of the International Monetary Fund’s nearly-$3 billion recovery package. “The OCC and Sri Lanka agreed on the main parameters of a debt treatment consistent with …

China keen on extending China-Myanmar Economic Corridor to Sri Lanka
1 year, 1 month ago

China keen on extending China-Myanmar Economic Corridor to Sri Lanka

The Hindu  

China is “prioritising” the extension of the China-Myanmar Economic Corridor to Sri Lanka, the country’s Special Envoy told President Ranil Wickremesinghe on Monday, in an indication that China is looking to scale up the Belt and Road Initiative project in South Asia. Paying a courtesy call on the Sri Lankan President, Special envoy of the Chinese President, state councillor Shen …

Sri Lanka allows Chinese research ship to dock as India's security concerns grow
1 year, 1 month ago

Sri Lanka allows Chinese research ship to dock as India's security concerns grow

The Hindu  

A Chinese research ship docked at a Sri Lankan port on October 25, likely adding to neighbouring India's concerns about China’s growing influence in the Indian Ocean. But Sri Lanka’s economic collapse last year provided an opportunity for India as New Delhi stepped in with massive financial and material assistance. Two weeks ago, Sri Lanka reached an agreement with Export-Import …

Sri Lanka allows a Chinese research ship to dock as neighboring India’s security concerns grow
1 year, 2 months ago

Sri Lanka allows a Chinese research ship to dock as neighboring India’s security concerns grow

Associated Press  

COLOMBO, Sri Lanka — A Chinese research ship docked at a Sri Lankan port on Wednesday, likely adding to neighboring India’s concerns about China’s growing influence in the Indian Ocean. China has been trying to expand its influence in Sri Lanka, which is located on one of the world’s busiest shipping routes in what India considers part of its strategic …

No ‘political strings attached’ to China’s support for Sri Lanka: Xi tells Ranil
1 year, 2 months ago

No ‘political strings attached’ to China’s support for Sri Lanka: Xi tells Ranil

The Hindu  

China will continue to assist Sri Lanka without any “political strings attached” and help the country cope with difficulties, President Xi Jinping told his Sri Lankan counterpart Ranil Wickremesinghe on Friday, according to an official statement, even as Colombo attempts to finalise a debt treatment plan with its creditors, including the Asian giant. Noting that Sri Lanka was among the …

Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag
1 year, 2 months ago

Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion package from International Monetary Fund aimed at rescuing the island nation from a dire economic crisis. The finance ministry said in …

Sri Lanka confirms major debt deal with China
1 year, 2 months ago

Sri Lanka confirms major debt deal with China

The Hindu  

The Sri Lankan government has confirmed that it has concluded a preliminary deal with China on the restructuring of its debts to Beijing, seen as a "big step" in the cash-strapped country's economic recovery. China holds about 52% of Sri Lanka’s $46 billion external credit.” The agreement in principle covers approximately $4.2 billion of outstanding debt, it said adding that …

Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure
1 year, 2 months ago

Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure

The Hindu  

Sri Lanka on October 11 welcomed China's tentative agreement to a debt restructure, as the island nation works to restore its ruined finances after suffering its worst-ever economic crisis. The government defaulted on its $46 billion debt last year at a time when months of food and fuel shortages were making life a misery for Sri Lanka's 22 million people. …

US expresses concern to Sri Lanka over China's research ship visit: Report
1 year, 2 months ago

US expresses concern to Sri Lanka over China's research ship visit: Report

India Today  

The US has expressed concern to Sri Lanka about the likely visit of a Chinese research ship next month that could also cause worries in India, which in the past has raised security concerns over docking by China's spy vessels, according to a media report. US Under Secretary Victoria Nuland, who met Sri Lankan Foreign Minister Ali Sabry in New …

Confusion over Sri Lanka granting permission to Chinese survey vessel in October
1 year, 3 months ago

Confusion over Sri Lanka granting permission to Chinese survey vessel in October

Hindustan Times  

Confusion prevails in Sri Lanka over granting permission to Chinese Research vessel Shi Yan 6 to conduct ocean survey off the island nation in October after New Delhi raised its serious concerns with the Ranil Wickremesinghe government. India has officially raised concerns to Sri Lanka for allowing a free run to Chinese survey, surveillance and ballistic missile trackers ships at …

China's Compulsions for LAC De-Escalation: ​India’s Infra to International Pressure
1 year, 4 months ago

China's Compulsions for LAC De-Escalation: ​India’s Infra to International Pressure

News 18  

As Prime Minister Narendra Modi on Thursday held talks with China’s President Xi Jinping on the sidelines of the BRICS Summit in South Africa, amid a stand-off between the two countries in Ladakh, government sources listed exclusively for News18 the reasons forcing Beijing to de-escalate the situation at the Line of Actual Control. According to Foreign Secretary Vinay Mohan Kwatra, …

Sri Lanka ‘processing’ China's request for research ship docking that may raise security concerns in India
1 year, 4 months ago

Sri Lanka ‘processing’ China's request for research ship docking that may raise security concerns in India

The Hindu  

Sri Lanka is currently processing a request by China to allow a research ship to dock in the country, a foreign ministry spokesperson said on August 23, a year after a visit by a Chinese spy vessel to the Island nation raised security concerns in India. The Chinese research vessel 'SHI YAN 6' is expected to arrive in Sri Lanka …

China research ship requests Sri Lanka port call
1 year, 4 months ago

China research ship requests Sri Lanka port call

The Hindu  

China has requested permission for a research ship to dock in Sri Lanka, Colombo said on August 22, following a visit by a spacecraft-tracking vessel last year that sparked security concerns from India. Last year, India raised concerns over a Sri Lanka port call in Hambantota by Chinese research vessel Yuan Wang 5, which specialises in spacecraft tracking and which …

China reiterates support for Sri Lanka’s debt relief ahead of crucial IMF review
1 year, 4 months ago

China reiterates support for Sri Lanka’s debt relief ahead of crucial IMF review

The Hindu  

China has pledged help for Sri Lanka’s debt challenge yet again,even as theRanil Wickremesinghe government tries to finalise the terms of restructuring its foreign loans with bilateral creditors. Chinese Foreign Minister Wang Yi on Wednesday “vowed that China will help Sri Lanka effectively address the challenges of financial debt”, according to a statement from the office of Prime Minister Dinesh …

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region
1 year, 5 months ago

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region

Firstpost  

India’s accelerated overtures to Sri Lanka in the past few years are emblematic of its engagements in the wider Indo-Pacific Region Sri Lankan President Ranil Wickremesinghe’s visit to India on 20-21 July came at a time when the ties between the two neighbours have been in flux for the past few years. India’s strategic engagements with Sri Lanka gained traction …

China to stay out of official creditors’ platform, but Sri Lanka ‘very confident’ of bilateral support
1 year, 5 months ago

China to stay out of official creditors’ platform, but Sri Lanka ‘very confident’ of bilateral support

The Hindu  

China “will not join” the official creditors’ platform negotiating a common debt treatment plan with Sri Lanka, but Colombo is “very confident” of Beijing’s bilateral support to the island’s economic recovery, Foreign Minister Ali Sabry said. In May this year, 17 countries that have extended loans to Sri Lanka formed an “official creditor committee”, co-chaired by India, Japan, and France, …

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring
1 year, 5 months ago

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring

ABP News  

The day was July 9, 2022 when the world witnessed unprecedented developments taking place in Indian Ocean island nation of Sri Lanka even as a large number of protestors stormed the President’s palace in Colombo that eventually led to an unceremonious escape of then President Gotabaya Rajapaksa to Maldives and then to Singapore. During a two-day visit to China, Sri …

Sri Lanka to restructure domestic debt amid challenges
1 year, 5 months ago

Sri Lanka to restructure domestic debt amid challenges

The Hindu  

Sri Lanka will shut down its banks and financial sector for five days beginning Thursday, ahead of an extraordinary weekend debate in Parliament on the government’s plan to restructure its domestic debt. In May, the IMF pointed to “tentative signs of improvement” in Sri Lanka, while underscoring the need for timely restructuring agreements with the island’s creditors ahead of the …

The View from India | A growing India-China divide in South Asia
1 year, 6 months ago

The View from India | A growing India-China divide in South Asia

The Hindu  

While the on-going Line of Actual Control crisis has remained at the focus of India-China relations, the downturn in ties between the neighbours extends to events beyond the border. Events last week underlined the jostling for influence in the region, as India hosted Nepal’s Prime Minister Pushpa Kamal Dahal Prachanda while a senior Chinese official who handles South Asia policy, …

IMF urges crisis-hit Sri Lanka to decide on debt restructuring
1 year, 6 months ago

IMF urges crisis-hit Sri Lanka to decide on debt restructuring

Live Mint  

The International Monetary Fund has urged crisis-hit Sri Lanka to decide on debt restructuring, including with China by this October this year to obtain the applied bailout fund of USD 2.9 billion from the Washington-based financial body. China's delaying tactics clearly indicate that without their assistance, an IMF bailout would be impossible for Sri Lanka, according to a report published …

Sri Lanka Burning: Mess of its Own Making or China's Years-long Plan Coming to Fruition?
1 year, 7 months ago

Sri Lanka Burning: Mess of its Own Making or China's Years-long Plan Coming to Fruition?

News 18  

Sri Lanka is going through a severe economic crisis, the likes of which only a few countries in the world have witnessed. The Hambantota International Port project was a politically motivated infrastructure project, which started in the home district of the Rajapaksa family that led Sri Lanka’s government from 2005-2014 and from 2019-2022. Debt restructuring and China’s role The only …

Sri Lanka trying to reduce overall debt by $17 billion, president says
1 year, 7 months ago

Sri Lanka trying to reduce overall debt by $17 billion, president says

Live Mint  

Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund programme. President Ranil Wickremesinghe also said the country would discuss debt restructuring with India and the Paris Club of creditors on one platform and …

China left out of Sri Lanka debt talks amid angst over delays
1 year, 8 months ago

China left out of Sri Lanka debt talks amid angst over delays

Live Mint  

Sri Lanka and major creditors are set to formally launch talks to restructure the nation’s debt without China — its biggest bilateral lender — a signal of growing frustration with Beijing’s approach to debt woes in the developing world. Hanging over those wider talks have been concerns about China’s role in negotiations involving countries like Sri Lanka and Zambia, which …

China loans to Pak, Lanka and other nations worth $240bn in 2 decades: Report
1 year, 8 months ago

China loans to Pak, Lanka and other nations worth $240bn in 2 decades: Report

Hindustan Times  

China helped 22 developing countries which were at the risk of default over the past two decades, a report said. Beijing handout out $240 billion worth of bailout loans to nations which included Belt and Road Initiative countries such as Sri Lanka, Pakistan and Turkey that have received Chinese loans for infrastructure development, the study pointed out. "Beijing has targeted …

Nepal’s economic ties with China raise concerns about ‘debt trap diplomacy’
1 year, 8 months ago

Nepal’s economic ties with China raise concerns about ‘debt trap diplomacy’

Live Mint  

China's ambition to establish its dominance in the South Asian region has been a long-standing strategy. As per a report by the Nepalese daily Pardafas, China, which is rooted in the "Middle Kingdom" complex, is using tactics to achieve its objectives by trapping Nepal in a debt cycle. The recently inaugurated Pokhara International Airport was funded by a loan of …

Sri Lanka: China agrees to restructure loans, says President Ranil Wickremesinghe
1 year, 9 months ago

Sri Lanka: China agrees to restructure loans, says President Ranil Wickremesinghe

Firstpost  

Sri Lanka defaulted on its $46-billion foreign debt last April during its economic crisis, which caused months of food and fuel shortages around the South Asian nation Colombo, Sri Lanka: Sri Lanka’s president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to an International Monetary Fund bailout. China’s state-owned …

With China’s funding, is Pakistan headed for Sri Lanka-like financial crisis?
1 year, 9 months ago

With China’s funding, is Pakistan headed for Sri Lanka-like financial crisis?

Live Mint  

Pakistan has receive a $700 million loan from China Development Bank, which will boost Pakistan's foreign exchange reserves by 20%. Additionally, China charges higher interest rates than other lenders, which adds to Pakistan's debt servicing costs. In the fiscal year 2021-2022, Pakistan paid around $150 million in interest to China for using a $4.5 billion Chinese trade finance facility. Will …

Explained: How Pakistan is following Sri Lanka's footsteps in China's debt trap
1 year, 10 months ago

Explained: How Pakistan is following Sri Lanka's footsteps in China's debt trap

Firstpost  

China, which is Pakistan’s single-largest creditor — owning 30 per cent of its total external debt — is set to grant a $700 million loan through its China Development Bank. The loan, which Beijing will grant through its China Development Bank is set to boost Pakistan’s forex reserves by 20 per cent. Let’s take a closer look at how this …

China in Quandary as Pakistan Faces Debt Default After Steep Fall in Forex Reserves
1 year, 10 months ago

China in Quandary as Pakistan Faces Debt Default After Steep Fall in Forex Reserves

News 18  

Watching warily Pakistan plunging into the worst economic crisis with prospects of defaulting on foreign loans, China which holds Islamabad’s largest debt on Monday said it backed measures taken by its “all-weather friend” to tide over the disastrous situation and hoped it will, in the end, pull through. Pakistan’s current account deficit shrank 90.2 per cent to USD 0.24 billion …

China confirms offer to Sri Lanka of debt moratorium
1 year, 10 months ago

China confirms offer to Sri Lanka of debt moratorium

Associated Press  

BEIJING — China’s government on Friday confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis. China lent to Sri Lanka as part of Beijing’s multibillion-dollar Belt and Road Initiative to increase trade by building ports and …

Is debt cancellation the way forward for Sri Lanka?
1 year, 11 months ago

Is debt cancellation the way forward for Sri Lanka?

Al Jazeera  

As 182 economists from around the world issued a call to cancel Sri Lanka’s debt, not all experts agree. The academics have accused private creditors of contributing to Sri Lanka’s first-ever sovereign debt default as they accrued “a massive profit” by charging a premium to lend. Time for bilateral creditors to step up For now, Nandalal Weerasinghe, the head of …

After India, China gives financing assurances to Sri Lanka for IMF bailout package
1 year, 11 months ago

After India, China gives financing assurances to Sri Lanka for IMF bailout package

The Hindu  

China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a $2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to recover from its worst-ever economic crisis. The Sunday Times newspaper reported that China’s Exim Bank delivered a letter on …

India to ‘encourage greater investments’ in crisis-hit Sri Lanka
1 year, 11 months ago

India to ‘encourage greater investments’ in crisis-hit Sri Lanka

Al Jazeera  

Sri Lanka’s worst-ever economic crisis is seeing a shortage of foreign currency, runaway inflation and a steep recession. “India will encourage greater investments in the Sri Lankan economy, especially in core areas like energy, tourism and infrastructure,” India’s Foreign Minister Subrahmanyam Jaishankar told reporters in Colombo on Friday. “We count on the government of Sri Lanka to provide a more …

The inevitable geopolitical lens in Sri Lanka
1 year, 11 months ago

The inevitable geopolitical lens in Sri Lanka

The Hindu  

If it’s a conversation on Sri Lanka’s economy, talking points on China and India are inevitable. For Sri Lanka watchers, especially those based in the West or India, that’s a “Chinese debt trap”. The largest chunk of Sri Lanka’s foreign debt is owed to largely Western, private creditors holding International Sovereign Bonds, as a recent statement by global scholars, too, …

Debt restructuring talks with India and China successful, says Sri Lankan President Wickremesinghe
1 year, 11 months ago

Debt restructuring talks with India and China successful, says Sri Lankan President Wickremesinghe

Firstpost  

The announcement comes in the wake of External Affairs Minister S Jaishankar’s three-day visit to Maldives and Sri Lanka starting today. Colombo: Sri Lankan President Ranil Wickremesinghe on Tuesday informed the parliament that talks with India and China on debt restructuring are successful. “We are continuing discussions in that regard and I am pleased to announce to this House that …

Why China cannot write off Sri Lanka’s debt despite leniency by IMF
1 year, 11 months ago

Why China cannot write off Sri Lanka’s debt despite leniency by IMF

Firstpost  

A group of Buddhist monks from Sri Lanka offering prayers at the Bodh Gaya pilgrim centre in India called for Tibetan spiritual leader Dalai Lama to visit their country as it would boost religious tourism and thus help address the nation’s economic crisis. At what looks like a relatively pragmatic level, leading economists from the world over have urged international …

India's response to Sri Lanka’s request for debt restructuring expected by January end: Ranil Wickremesinghe
1 year, 11 months ago

India's response to Sri Lanka’s request for debt restructuring expected by January end: Ranil Wickremesinghe

The Hindu  

President Ranil Wickremesinghe has said that India's response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka had begun debt restructuring talks with its creditors since September last year as warranted by its agreement with the IMF for the $2.9 billion facility over four years. Sri Lanka awaiting assurances from India, …

Sri Lanka awaiting assurances from India, China, says Central Bank Governor
2 years ago

Sri Lanka awaiting assurances from India, China, says Central Bank Governor

The Hindu  

Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund, according to Sri Lanka’s Central Bank Governor P. Nandalal Weerasinghe. Balance of Payments With Colombo’s decision to default on its $51-billion foreign debt — the Governor maintained it was a “debt standstill” as against a hard default …

Miffed With Recurring Chinese Spy Ship Visits, India Pushes Sri Lanka To 'Prioritise' Stalled Strategic Projects
2 years ago

Miffed With Recurring Chinese Spy Ship Visits, India Pushes Sri Lanka To 'Prioritise' Stalled Strategic Projects

ABP News  

New Delhi: India has expressed “serious concerns” over the visit of two Chinese ‘spy’ ships and New Delhi has urged Colombo to “prioritise” the key strategic infrastructure projects that are stuck due to domestic issues there, ABP Live has learnt. Expressing “serious threat” to India’s national security, the Narendra Modi government has told Sri Lanka to now push forward the …

Tamil legislator warns of ‘China go home’ campaign in Sri Lanka
2 years ago

Tamil legislator warns of ‘China go home’ campaign in Sri Lanka

The Hindu  

Sri Lankan Opposition legislator Shanakiyan Rasamanickam has threatened to launch a “China go home” campaign, akin to the ‘Gota go home’ movement that ousted the former President in the wake of the island’s painful economic crash. His remarks follow a Twitter spat earlier this week, after the Tamil National Alliance’s Batticaloa district parliamentarian, in a parliamentary address, sought greater cooperation …

Dragging debt talks in Sri Lanka put spotlight on Chinese loans
2 years ago

Dragging debt talks in Sri Lanka put spotlight on Chinese loans

The Hindu  

As Sri Lanka works hard to obtain financing assurances from its diverse creditors — a pre-requisite for the provisional $2.9 billion-IMF package — the loans obtained from China, the island nation’s largest bilateral lender, have come under sharp focus. Speaking in Parliament on Wednesday, Opposition legislator from the Tamil National Alliance Shanakiyan Rasamanickam accused China of stalling Sri Lanka’s IMF …

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