A worker at a tea plantation in Sri Lanka, where a drive to become the world’s first 100 per cent organic food producer has threatened its prized tea industry and triggered fears of a crop disaster that could deal a further blow to the beleaguered economy. Photo: AFP
A worker at a tea plantation in Sri Lanka, where a drive to become the world’s first 100 per cent organic food producer has threatened its prized tea industry and triggered fears of a crop disaster that could deal a further blow to the beleaguered economy. Photo: AFP
Sri Lanka

As Sri Lanka braces for a perfect economic storm, has China overtaken India in the race to provide a lifeline?

  • With a junk credit rating, dwindling foreign exchange coffers, and debt obligations of US$29 billion over the next five years, Colombo is in desperate need of a hand
  • India’s pockets are not seen as deep enough, so the IMF or Beijing are the most likely contenders – though there are questions over what China will want in return

Topic |   Sri Lanka
A worker at a tea plantation in Sri Lanka, where a drive to become the world’s first 100 per cent organic food producer has threatened its prized tea industry and triggered fears of a crop disaster that could deal a further blow to the beleaguered economy. Photo: AFP
A worker at a tea plantation in Sri Lanka, where a drive to become the world’s first 100 per cent organic food producer has threatened its prized tea industry and triggered fears of a crop disaster that could deal a further blow to the beleaguered economy. Photo: AFP
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