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China lost USD 7 billion from Sri Lankan debt restructuring

News Desk by News Desk
March 18, 2025
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China lost USD 7 billion from Sri Lankan debt restructuring
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COLOMBO: China has suffered a loss of USD 7 billion from Sri Lanka’s external debt restructuring, a media report said on Tuesday.

The state-owned Daily News quoted Chinese Ambassador to Colombo Qi Zhenhong as saying that China was Sri Lanka’s first bilateral creditor to enter a restructuring agreement in October 2023.

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