COLOMBO -- Sri Lanka has again turned to China for a fresh injection of cash, which will come during the final quarter of 2018, as it prepares for a crippling debt repayment cycle that will begin in 2019. But the $1.25 billion in loans will push Sri Lanka deeper into Beijing's grasp.
Belt and Road
Sri Lanka sinks deeper into China's grasp as debt woes spiral
Colombo to borrow $1bn from China and issue $250mn Panda bonds before year-end