A Chinese construction worker stands on land that was reclaimed from the Indian Ocean for the Colombo Port City project in Sri Lanka’s capital. Photo: AP

Sri Lanka seeks to borrow US$1 billion from China amid debt woes

  • The heavily-indebted South Asian nation is negotiating a loan even as it makes arrangements to pay down US$5.9 billion in foreign loans this year
  • A large chunk of Sri Lanka’s foreign debt is from China, which sees Sri Lanka as a key link in its transcontinental Belt and Road infrastructure initiative
Topic |   China-Sri Lanka relations

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A Chinese construction worker stands on land that was reclaimed from the Indian Ocean for the Colombo Port City project in Sri Lanka’s capital. Photo: AP
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