Sri Lanka working flat out for China, Japan, India debt deals

Foreign minister says 'we cannot force anyone' as IMF bailout hangs in balance

20221104 ali sabry

Sri Lanka's Foreign Minister Ali Sabry says the country's bilateral lenders are "aware" of the urgency for debt restructuring. © Reuters

MARWAAN MACAN-MARKAR, Asia regional correspondent

COLOMBO -- Dollar-strapped Sri Lanka is racing against time to secure a diplomatic breakthrough with China, Japan and India, the bilateral lenders who have yet to come up with a debt restructuring blueprint that would allow the South Asian nation to unlock a $2.9 billion bailout from the International Monetary Fund.

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