Sri Lanka's President Seeks Compromise with Creditors and Boosts Economic Outlook.
TL;DR Summary
Sri Lanka's President Gotabaya Rajapaksa has called on China and other creditors to compromise on the country's debt repayments, as the country faces a severe economic crisis due to the COVID-19 pandemic. Sri Lanka owes China $8bn, and the president has said that the country cannot pay back the loans as scheduled. He has urged China and other creditors to work with Sri Lanka to find a solution that benefits both parties.
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