Tag
Sri Lanka debt restructuring

March 07, 2023
Sri Lanka Leader Says IMF Deal Imminent After China’s Pledge
By Krishan Francis
With Beijing extending debt restructuring assurances, the last obstacle in the way of Sri Lanka securing the bailout deal has been removed.

March 02, 2023
The Real Cause of Sri Lanka’s Debt Trap
By Bram Nicholas and Shiran Illanperuma
Sri Lanka’s default highlights the dangers of relying on international sovereign bonds – with high interest rates – to fund development.

January 27, 2023
Sri Lanka Says Debt-restructuring Talks Making Progress
By Bharatha Mallawarachi
India has already given the necessary assurances to the IMF. Other bilateral creditors, including China, have not yet but Sri Lanka says there’s progress in the ongoing discussions.

January 25, 2023
Sri Lanka’s Steep Climb Out of the Economic Abyss
By Luke Hunt
Colombo is still waiting on Beijing’s approval for debt restructuring.

December 20, 2022
Demystifying China’s Role in Sri Lanka’s Debt Restructuring
By Umesh Moramudali and Thilina Panduwawala
Sri Lanka’s debt restructuring is deeply embedded both within a global emerging market debt crisis and a moment of rethinking within China about its global role as a creditor.

October 07, 2022
Sri Lanka Begins Crucial Debt Restructuring Talks with China
By Krishan Francis
Sri Lanka is nearly bankrupt and has suspended repaying its $51 billion foreign debt, of which it must repay $28 billion by 2027.

September 01, 2022
IMF Set to Provide $2.9 Billion to Help Crisis-hit Sri Lanka
By Bharatha Mallawarachi
The package is contingent on assurances from creditors, including China, India and Japan that debt sustainability will be restored.

September 01, 2022
Sri Lanka’s Story of Sovereign Default
By Umesh Moramudali
How did Sri Lanka’s economic crisis get so bad – and how can the country move forward from here?

August 10, 2022
Is China to Blame for Sri Lanka’s Debt Woes?
By Ivory Kairo
China's role in lending to Sri Lanka has expanded in the last 20 years, but fewer Chinese loans would not have saved the country from its current economic crisis.

August 02, 2022
Understanding China’s Role in Sri Lanka’s Debt Restructuring Efforts
By Aquilah Latiff and Anushka Wijesinha
China's general approach to debt distress is to seek bespoke negotiations and preferential treatment – something that Sri Lanka must avoid at all costs.
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