May 18, 2024 00:48 (IST)
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Sri Lanka forced to enter yet another loan agreement with China amid rising debt crisis

Sri Lanka forced to enter yet another loan agreement with China amid rising debt crisis

Sri Lanka, a nation that faced a massive economic crisis in recent times, has struck an agreement with the Export-Import (Exim) Bank of China to manage approximately $4.2 billion of the nation’s mounting debt, media reports said.