Classified as a middle-income country, Sri Lanka is not eligible for the G-20’s Debt Service Suspension Initiative nor its Common Framework – both of which China is part of.

Every nation, in every region of the world, has to take a decision: either you are with us, or you are with the terrorists.”– ...

Sri Lanka defaulted in May on over $50 billion in external debt, 10% of which is owed to its single biggest lender, China. Sri Lanka is suffering over 50% inflation, twin deficits (budget and ...

Kohona noted that over the last 65 years, Sri Lanka and China have lent mutual understanding and support to each other, maintaining a close friendship and seeking the common goal of development.

As members of the international community, Sri Lanka and China face common concerns such as sovereignty and territorial integrity, climate change, maritime security, and regional stability.

China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this ...

Chinese President Xi Jinping shakes hands with Sri Lankan President Anura Kumara Dissanayake at the Great Hall of the People in Beijing, capital of China, Jan. 15, 2025. [Photo/Xinhua] China will ...

Dissanayake expressed his appreciation for China’s significant achievements in the fields of economy, technology and infrastructure, saying that China has always been a reliable friend and partner to ...

Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka's debt, a move they hope would serve as a model for ...