Array
China has said « the ball is in Sri Lanka’s court » as it avoided giving a direct reply to the island nation’s request of restructuring its debt, according to a media report here on Saturday.
Sri Lankan has been urging China to restructure its debt as the nation continues to reel under acute economic crisis. It is estimated that Sri Lanka owes debt payments of USD 1.5 to 2 billion this year to China. Overall China’s loans and investments in Sri Lanka were estimated to be more than USD eight billion in the last few years.
But Beijing has not made a public commitment for debt relief assistance to Sri Lanka so far.
