Sri Lanka China Loan
- All
- News
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
-
Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
-
After India, China Backs Sri Lanka's Bid To Secure IMF Bailout Package
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to
-
Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
-
Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
-
Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
-
A Hospital, Clean Water, Radio Station: China Making Inroads In Sri Lanka
China has invested an estimated $11 billion in Sri Lanka, around $8 billion in the form of loans related to Xi's signature "Belt and Road Initiative" designed to boost trade and transport links across Asia.
-
Sri Lanka In Talks With China For $1 Billion Loan
Sri Lanka is seeking a loan of nearly $1.0 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said Thursday.
-
Sri Lanka To Borrow $1 Billion From China For Highway Project
Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease as a debt swap, will soon sign a USD 1 billion concessional loan agreement with Beijing to fund a major highway project linking Colombo to the hill resort of Kandy.
-
Bank Of China Offers Sri Lanka $300 Million Loan: Source
Bank of China, the country's fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, told Reuters on Tuesday.
-
US Offers Military Funding To Sri Lanka, As China Vies For Influence
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.
-
Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
-
US Official Praises PM Modi Remarks, Seen As Criticising Chinese Loans
US Defence Secretary James Mattis has praised Prime Minister Narendra Modi for speaking about massive debts, saying he made a really good point about the dangers of accepting loans that are "too good to be true".
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
-
Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
-
After India, China Backs Sri Lanka's Bid To Secure IMF Bailout Package
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to
-
Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
-
Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
-
Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
-
A Hospital, Clean Water, Radio Station: China Making Inroads In Sri Lanka
China has invested an estimated $11 billion in Sri Lanka, around $8 billion in the form of loans related to Xi's signature "Belt and Road Initiative" designed to boost trade and transport links across Asia.
-
Sri Lanka In Talks With China For $1 Billion Loan
Sri Lanka is seeking a loan of nearly $1.0 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said Thursday.
-
Sri Lanka To Borrow $1 Billion From China For Highway Project
Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease as a debt swap, will soon sign a USD 1 billion concessional loan agreement with Beijing to fund a major highway project linking Colombo to the hill resort of Kandy.
-
Bank Of China Offers Sri Lanka $300 Million Loan: Source
Bank of China, the country's fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, told Reuters on Tuesday.
-
US Offers Military Funding To Sri Lanka, As China Vies For Influence
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.
-
Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
-
US Official Praises PM Modi Remarks, Seen As Criticising Chinese Loans
US Defence Secretary James Mattis has praised Prime Minister Narendra Modi for speaking about massive debts, saying he made a really good point about the dangers of accepting loans that are "too good to be true".
