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Sri Lanka Debt Talks to Test China-India Relationship – FT

There is a “lack of trust” between the two nations, which are both in competition for political influence on the island, a Sri Lankan official said


Sri Lanka
A man counts Sri Lankan rupees at a money exchange counter in Colombo. Photo: Reuters

 

Sri Lanka’s ongoing debt restructuring talks will test China’s ability to cooperate with rival lenders such as India, a Financial Times report has suggested.

There is a “lack of trust” between the two nations, said a Sri Lankan official in the report, which are both in competition for political influence on the island which has seen its economy collapse, political instability and social unrest on its streets.

Read the full report: The Financial Times

 

Read more:

Sri Lanka and IMF Reach Agreement on Emergency Loan

Asian Development Bank Plans Further Support For Sri Lanka

China Won’t Flinch Despite Yuan’s Expected Slide: Analysts

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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