Sri Lanka president to visit China as debt talks progress

Watch onCOLOMBO - Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday.

Wickremesinghe, who is also finance minister, has been leading Sri Lanka's push to manage its heavy debt and keep funds flowing from a $2.9 billion International Monetary Fund programme. Wickremesinghe is expected to meet Xi on the sidelines of the forum, said the source who declined to be named as he was not authorised to speak with the media. The Sri Lankan leader could also meet China's finance and foreign ministers, the source added.

Sri Lanka defaulted on its foreign debt in May last year after its dollar reserves fell to a point where the island nation of 22 million people could no longer pay for essential imports like fuel and medicine.

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