Sri Lanka's Creditors Seek Debt Restructuring Deal Excluding China
Some members of Sri Lanka's official creditors committee are pushing for a debt restructuring deal without the participation of China, a move that could impact how richer nations handle financial stress in the developing world. These members want major creditors like the US, Japan, and India to sign a memorandum of understanding with Sri Lanka, excluding China, during the upcoming IMF and World Bank meetings. China, which holds about 10% of Sri Lanka's external debt, is pursuing separate bilateral talks.