China keeps Sri Lanka in debt grip, stalling IMF relief

Failed bailout review raises stakes of Wickremesinghe's upcoming trip to Beijing

20231003 China Sri Lanka IMF

Sri Lanka's debt negotiations with China are seen as a sticking point holding up arrangements with other creditors, as the bankrupt South Asian country seeks to unlock more support from the International Monetary Fund. (Nikkei montage/Source photo by Reuters) 

MARWAAN MACAN-MARKAR, Asia regional correspondent

COLOMBO -- Sri Lanka's diplomatic failure to secure a concrete debt relief framework from China, its largest bilateral lender, is blocking access to desperately needed cash under a $3 billion bailout from the International Monetary Fund.

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