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Sri Lanka debt restructuring

Sri Lanka Leader Says IMF Deal Imminent After China’s Pledge
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.

The Real Cause of Sri Lanka’s Debt Trap
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.
Sri Lanka Says Debt-restructuring Talks Making Progress
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. 

Sri Lanka’s Steep Climb Out of the Economic Abyss
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.

Demystifying China’s Role in Sri Lanka’s 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. 

Sri Lanka Begins Crucial Debt Restructuring Talks with China
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.

IMF Set to Provide $2.9 Billion to Help Crisis-hit Sri Lanka
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.
Sri Lanka’s Story of Sovereign Default
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?

Is China to Blame for Sri Lanka’s Debt Woes?
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.

Understanding China’s Role in Sri Lanka’s Debt Restructuring Efforts
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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