China has finally taken the step requested for months.
This major creditor of Sri Lanka, a country in serious economic crisis, has finally agreed to restructure Colombo's debt, like Japan and India.
This late agreement paves the way for the aid plan of the International Monetary Fund (IMF) for the sum of 2.9 billion dollars (2.7 billion euros).
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The Chinese bank Exim has written to the organization which watches over the world economy to inform it of Beijing's desire to
"restructure"
the credits granted to Sri Lanka, explained Tuesday the president, Ranil Wickremesinghe, before the Parliament of Colombo.
“Sri Lanka has now obtained the necessary assurances from its main bilateral donors.
This paves the way for the study of the plan by the board of directors on March 20 for validation,”
confirmed Krishna Srinivasan, IMF director for Asia and the Pacific.
“A board deal could also open up funding…
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