Focus topics

Sri Lanka requests help from China, India and Japan

Bankrupt Sri Lanka is seeking financial support from China, India and Japan. The South Asian state plans to invite the three countries to a donor conference soon. Sri Lanka is currently experiencing its worst economic crisis of the past 70 years. The country’s foreign exchange reserves have been depleted. Essential imports such as food, medicine and fuel can no longer be paid for. The situation is compounded by rising inflation. As a result of the shortages, unrest has erupted in the population, Reuters reports. The country is now seeking a bailout program from the International Monetary Fund and help from friendly nations. “We will also ask the US for help,” said Prime Minister Ranil Wickremesinghe.

Continue reading now

… and get free access to this Professional Briefing for a month.

Are you already a guest at the China.Table? Log in now


    End of Visa freeze for Japanese
    China considers export control of solar technology
    Smartphone sales collapse
    US general expects war in 2025