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Tag: Sri Lanka

Sri Lanka seals debt deal with China, others after crash

Sri Lanka has secured a crucial debt restructuring deal with China and other nations, covering up to $10 billion in debt. This agreement is expected to revive the economy after the severe financial crisis in 2022, with a focus on sustainable economic practices and international cooperation.

Sri Lanka Reaches Deal on Debt Restructuring with Bilateral Creditors Including China and France

Sri Lanka has secured a debt restructuring deal with bilateral creditors, including China and France. This agreement aims to stabilize the nation's financial situation and facilitate sustainable economic growth.