China Left Out of Sri Lanka Debt Talks Amid Angst Over Delays

India, Japan and Paris Club proceeding without Beijing
Move comes despite progress on broader debt framework

Sri Lanka central bank Governor Nandalal Weerasinghe says he expects China to support the nation’s effort to restructure debts and help it begin repaying its obligations. He speaks on the sidelines of the World Bank and IMF’s spring meetings in the US with Kathleen Hays on “BloombergDaybreak: Australia.” (Excerpt)

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By Shawn Donnan, Anusha Ondaatjie, Toru Fujioka, and Eric Martin

April 13, 2023 at 7:00 PM UTC

Updated on

April 14, 2023 at 3:36 AM UTC

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Sri Lanka and major creditors formally launched talks to restructure the nation’s debt without China — its biggest bilateral lender — a signal of growing frustration with Beijing’s approach to debt woes in the developing world.

Finance chiefs from India, Japan and the Paris Club of sovereign creditors held a joint briefing Thursday evening in Washington with the International Monetary Fund to mark the start of the restructuring.