COLOMBO -- Sri Lanka's reputation is taking a hit after its year-old government says it wants to pull the plug on two multimillion dollar infrastructure projects funded by Japan and guaranteed by its predecessor. If that happens, it would be the second time that a newly elected Sri Lankan government has backed out of such agreements.
International relations
Sri Lanka to scrap Japan-funded infrastructure projects
Some see pivot toward Beijing, even though Chinese loans are more expensive
Sri Lanka has borrowed heavily to fund the development of infrastructure, such as ports. © Reuters
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