Why Sri Lanka is asking China for help on debt

Why Sri Lanka is asking China for help on debt

What happens between China and Sri Lanka.

The news , reported by the main international media, according to which the president of Sri Lanka, Gotabaya Rajapaksa, has asked China to restructure its loans and access preferential credit during Wang Yi's visit to the country certainly cannot come unexpectedly. of South Asia.

Beyond the usual diplomatic rhetoric between the Chinese Foreign Minister and the President of Sri Lanka on the solid relations that have linked the two countries for 65 years, and the fact that the port infrastructures of the Port City of Colombo and the port of Hambantota are considered by both sides to be crucial projects, the fact to be emphasized is that the cooperation between the two nations is part of a much broader architecture than that of the Regional Comprehensive Economic Partnership Agreement (RCEP) and the opportunity that with this agreement will allow China to penetrate more and more into the Asian market.

We were just talking about loans disbursed by China to Sri Lanka: by quantifying we are talking about about 3.38 billion dollars. Finally, we must not forget how strategically important Sri Lanka is for China in the context of the Indo-Pacific.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/sri-lanka-cina-debito/ on Wed, 12 Jan 2022 07:07:48 +0000.