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Published 1 year ago

Sri Lanka's debt to China close to 20% of public external debt -study

Summary by Ground News
Crisis-hit Sri Lanka is in the midst of a debt restructuring after years of economic mismanagement combined with the COVID-19 pandemic. Sri Lanka's total external debt is $37.6 billion, of which 22% is from Chinese creditors.Export-Import Bank of China (EximBank) and China Development Bank are the two largest Chinese lenders.

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