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January 19, 2022

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Asia

Sri Lanka seeks Chinese debt restructuring amid crisis

COLOMBO, Sri Lanka — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of its loans and access to preferential credit for imports of essential goods, as the island nation struggles in the throes of its worst economic crisis, partly due to Beijing-financed projects that don’t generate revenue. President Gotabaya Rajapaksa […]