China Piled On Debt As Sri Lanka Sank: WSJ – #information
The Wall Avenue Journal has printed a extremely important account of China’s involvement in Sri Lanka’s debt disaster. It quotes present and former Sri Lankan officers claiming that China discouraged them from in search of an early IMF bailout, providing loans for liquidity help as an alternative.
The selection to carry off on reaching out to the IMF meant that the nation ended up utilizing much-needed international reserves to repay loans:
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