This article summarises the findings of the first issue of the ‘Sri Lanka-China Economic Brief’ published by Arutha China has become Sri Lanka’s largest foreign creditor, foreign investor, and top importing source in just two decades. After Sri Lanka’s sovereign default, China remained crucial to Sri Lanka’s economic recovery and External Debt Restructuring (EDR) process. …
This piece was written by Umesh Moramudali for Arutha in partnership with Factum. The original article appeared in The Morning newspaper. While Sri Lanka has achieved a sense of economic stability compared to the previous year, economic mismanagement has pushed many people into poverty. According to World Bank estimates, approximately 25% of the people in…
While Sri Lanka’s debt obligations to China have often been misinterpreted, the fact remains that China is Sri Lanka’s largest bi-lateral creditor. For this very reason, China plays a key role in Sri Lanka’s debt restructuring process. A review of Chinese lending history in the country, particularly its recent offering of direct budgetary financing in 2018…
