Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI.

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island ...

China has pledged a $3.7 billion investment in Sri Lanka for an advanced oil refinery, marking the largest-ever foreign ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with ...

Dissanayake came to power in September and consolidated his power after his party won a landslide in snap parliamentary polls ...

The Hambantota Port in Sri Lanka is the most vivid example of China’s use of debt in gaining global influence, and how forceful it can be in reclaiming what is owed. Following the 26 year civil war, ...

However, Sri Lanka’s leadership must remain vigilant to avoid the pitfalls of overdependence on China, as evidenced by the debt crises faced by other nations engaged in the Belt and Road Initiative.

In May 2022, Sri Lanka defaulted on its foreign debt for the first time ever due to the country's high debt burden and falling foreign exchange reserves. Last week, Fitch Ratings also upgraded the ...

Multilateral agencies are exempted from debt restructuring on the basis of their claimed preferred creditor status, which is being challenged by Sri Lanka’s major bilateral donor, China. Next, there ...

Bond aid? China’s treasury should issue securities to ease local debt: academic With China’s local governments under the yoke of heavy debt, calls are growing louder for the central government ...