Sri Lanka calls for Japanese investments in infrastructure and IT

Foreign minister says the country has to learn from Chinese 'debt trap'

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Sri Lankan Foreign Minister Ali Sabry speaks to Nikkei Asia in Tokyo on June 3. (Photo by Takuya Fujisawa)

TAMAYO MUTO, Nikkei staff writer

TOKYO -- Sri Lanka is calling for new investments from Japan after reaching an agreement to restructure $5.8 billion of debt with creditors, including Japan, India and China, hoping to revive its economy and achieve balanced diplomacy.

"We expect the [Japan-funded] project to commence anytime" after finalizing a debt restructuring deal process, said Ali Sabry, Sri Lanka's minister of foreign affairs, in an interview with Nikkei Asia on Wednesday.

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