China has suggested to Colombo that it would prefer to refinance the debt, said Nalaka Godahewa, Sri Lanka's media minister.
"Now since the IMF is willing engage with Sri Lanka the other countries are aware we have support. Already we have been promised support from the World Bank and other agencies," Gohahewa said, adding discussions with Beijing were at an early stage.Sri Lankan Finance Minister Ali Sabry was in Washington last week to talk to the IMF, the World Bank, India and others about financing help for the island nation, which has suspended payments on portions of its $51 billion in external debt.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: