Sri Lanka president discusses restructuring of debt with Chinese finance minister


FE Team | Published: October 16, 2022 20:07:40 | Updated: October 17, 2022 17:31:04


Sri Lanka president discusses restructuring of debt with Chinese finance minister

Sri Lanka's President Ranil Wickremesinghe discussed the restructuring of the country's debt with the Chinese finance minister, the president's office said in a statement on Sunday.

According to Reuters, Ranil Wickremesinghe is optimistic that discussions will end successfully, it said in the statement. China is Sri Lanka's largest bilateral lender.

Sri Lanka, home to a population of 22 million, is facing its worst economic crisis in more than seven decades and is renegotiating around $30 billion of foreign debt with bilateral creditors such as China, Japan and India.

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