Sri Lanka restructures Chinese debt
Edited By WION Video Desk
Published: Oct 14, 2023, 06:15 IST | Updated: Oct 14, 2023, 06:15 IST
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Debt-ridden Sri Lanka has reached an agreement with the export-import bank of china to restructure about $4.2 billion of its outstanding debt. Reports suggest that the agreement with china exim bank will assist Sri Lanka in getting past the first review of the international monetary fund program in the coming weeks. It will also help in securing the release of a second IMF tranche of about $334 million.
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