COLOMBO -- As dollar-strapped Sri Lanka approaches the end of a grim economic year, officials in the South Asian nation are tuning in for encouraging signals from the Paris Club, a group of 22 wealthy countries that share debt relief deals. But a breakthrough hinges on a green light from top bilateral lender China, which is not a club member.
Sri Lanka crisis
Bankrupt Sri Lanka holds breath for Paris Club's China overture
Five things to know about wealthy group's role in Colombo debt relief
A food vendor at Galle Face Green in Colombo: Sri Lanka needs to unlock $2.9 billion in funding from the International Monetary Fund, as a first step toward climbing out of bankruptcy. © Reuters
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