China backs Sri Lanka debt plan paving way for IMF loan – Bloomberg

China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund, Bloomberg reported.

“Sri Lanka is fortunate to have caring and considerate friends to standby during these turbulent times. With all the assurances in place we are good to go. Through hard work , perseverance and patience we can make a difference. 🇱🇰can – 🇱🇰will!” Foreign Ministry Ali Sabry tweeted this morning indicating Sri Lanka has got all the assurance needed.


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