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Former Sri Lankan president Rajapaksa leaves for China
The Daily Guardian
|June 28, 2024
Former Sri Lankan president Mahinda Rajapaksa on Thursday left on an official visit to Beijing where he will meet Premier Li Qiang and Foreign Minister Wang Yi to discuss the island nation's debt restructuring agreement with China.
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China is Sri Lanka's largest bilateral lender owning 52 per cent of the USD 40 billion external debt when Sri Lanka announced its sovereign default in 2022.
President Ranil Wickremesinghe on Wednesday announced that debt restructuring agreements were finalised with bilateral lenders, including India and China, in Paris, describing the development as a "significant milestone" that will bolster international trust in the cash-strapped island nation.
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