Japan, France, India form platform to coordinate Sri Lanka debt, leaving out China.

Japan, France, and India will launch a new platform to coordinate the restructuring of Sri Lanka's debt. The platform, initiated by Japan, France, and G20 chair India, will consist of a series of meetings of creditor nations to discuss the debt. Japanese Finance Minister Shunichi Suzuki hopes that many countries will participate, including China. Sri Lanka recently secured a $2.9 billion program from the International Monetary Fund to tackle its suffocating debt burden and its worst economic crisis in more than seven decades.