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Sri Lanka Crisis: Colombo Reaches Debt Deal With China | Brunei's No.1 News Website brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
Sri Lanka Crisis: Central Bank Lays Out Extent Of Economic Problems brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
The government of China on Friday confirmed that a two-year moratorium is being offered to Sri Lanka on loan repayments as the island nation battles to restructure $51 billion in foreign debt amid the financial crisis. The loan was provided by China to Sri Lanka under the multibillion-dollar Belt and Road Initiative programme of Beijing aimed at increasing trade through the construction of ports and other infrastructure across Africa and Asia. ....
Sri Lanka is set to get a new president today, who will replace Gotabaya Rajapaksa after he fled abroad last week amid security concerns as protesters barged into his official residence. ....