Sri Lanka Urges China to ‘Dramatically Change’ Its Stance on Debt as Talks With IMF Begin

Aug 24, 2022 | EARNINGS

Sri Lankan government data suggests that out of $51 billion in foreign debt, loans from China constitute around 10 percent. In comparison, Western-led financial institutions and venture capital hold approximately 80 percent of the debt. The island nation of 22 million people has been facing a severe fuel and food crisis for months.

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