Sri Lanka diversifies from China to India amid debt crisis
Some have accused Sri Lanka of falling into China’s “debt trap", but the South Asian nation refuses to put all of its eggs in China’s basket.
A version of this article was first published on FinanceAsia.
Amid increasing geopolitical tension between China and India, Sri Lanka is turning to both Asian giants for financial assistance on the back of its recent sovereign downgrade by global credit rating agencies for its debt-ridden woes.
Sri Lanka’s friendly relations with China have generated unease for its Indian neighbour, which fought border skirmishes with China across 2020 and 2021. Last December for example, the Ch…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.