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Sri Lanka president to visit China as debt talks progress

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Sri Lanka president to visit China as debt talks progress - source

© Reuters. Sri Lanka's President Ranil Wickremesinghe addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 21, 2023. REUTERS/Brendan McDermid/File Photo

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. The president's media office and Sri Lankan foreign ministry did not immediately respond to requests for comment.It reached an agreement with the Export-Import Bank of China on Thursday covering about $4.2 billion of outstanding debt but is still working with other key bilateral creditors including Japan and India on reaching a debt restructuring plan.

 

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