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Sri Lanka crisis

Sri Lanka's creditors hold 1st meeting, with China as observer

Japan and other creditors vow to press Beijing to join as full participant

A man fills gas into a vehicle at a fuel station in Colombo, Sri Lanka. The country's external debt had grown to over $35 billion amid a struggling economy.    © AP

TOKYO -- Sri Lanka's creditor nations held their first meeting Tuesday to discuss restructuring the country's debt. But the largest creditor, China, stood by as an observer, raising doubts over the success of the process.

Twenty-six nations took part in the virtual meeting, where participants agreed to reduce Sri Lanka's debt at an early date. Japan, France and India co-chaired the meeting.

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