Sri Lanka set to avert debt crisis this year: central bank chief

South Asian island plays balancing act to secure bailouts from China and India

20190125 Coomaraswamy

Central Bank of Sri Lanka Gov. Indrajit Coomaraswamy expects the Indian Ocean tug of war between China and India to help his country secure aid. (Photo by Yuji Kuronuma)

YUJI KURONUMA, Nikkei staff writer

COLOMBO -- Sri Lanka is on course to avert a balance of payments crisis this year, the country's central bank chief says, expressing confidence in the island nation's ability to secure aid from both China and India to repay looming debts.

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