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Sri Lanka’s debt to China close to 20{8ba6a1175a1c659bbdaa9a04b06717769bcea92c0fdf198d429188ebbca09471} of public external debt -study
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese creditors $7.4 billion – nearly a fifth of its public external debt – by the close of previous year, calculations by the China Africa Analysis Initiative (CARI) released on Wednesday confirmed, an estimate increased than several some others. The figure was previously mentioned the “usually-quoted 10 to 15 per cent figures,” the study explained, incorporating a “major portion” of the country’s debt to China experienced been recorded under lending to condition-owned enterprises instead than central authorities. Disaster-strike Sri Lanka is in the midst of a debt restructuring after yrs of financial mismanagement put together with the…