Sri lanka debt News

Sri Lanka has asked China to defer the planned visit of a Chinese survey ship to the island country India worries that the Chinese-built and leased port of Hambantota will be used by China as a military base Last week, a spokesperson for the Sri Lankan government said the ship was only stopping at Hambantota for refuelling

Sri Lanka's President Ranil Wickremesinghe on Sunday said that the unrest had delayed a possible deal with the International Monetary Fund He further said that there is no point in blaming former president Gotabaya Rajapaksa for the economic crisis Sri Lanka needs to look at ways of paying back its loans, he said

It is now becoming difficult for Sri Lanka to get out of the trap of China. On the one hand, COVID has badly affected its economy, on the other hand, China's debt policy is proving to be a new headache for Sri Lanka.