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Sri Lanka Counts on China Loan Amid IMF Talks – FT

Ranil Wickremesinghe said a Chinese loan was being finalised even as his government negotiates a multi-billion-dollar International Monetary Fund bailout


Sri Lanka's Prime Minister Ranil Wickremesinghe attends an interview with Reuters at his office in Colombo
Sri Lanka's Prime Minister Ranil Wickremesinghe gestures as he speaks during an interview on Tuesday. Photo: Reuters

 

Sri Lanka’s prime minister is counting on Beijing to alleviate a shortage of essential goods with the loan of “a few hundred million dollars”, the Financial Times reported.

Ranil Wickremesinghe, who was appointed this month, told the FT that a Chinese loan was being finalised even as his government negotiates a multi-billion-dollar International Monetary Fund bailout.

Read the full report: Financial Times
 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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