South Asia and Beyond

‘Going To IMF The Only Choice We Had, Hope China Understands’

NEW DELHI: Reeling under an unprecedented economic crisis, as Sri Lanka turned to the International Monetary Fund (IMF) to get its foreign debt restructured, China that has extended loans to the island nation is upset. The Chinese ambassador to Sri Lanka has said the move will ‘definitely have an impact on future bilateral loans’. This is the 17th time Sri Lanka has gone to the IMF, says Sri Lanka’s Finance Minister Ali Sabry. It’s the only choice we had and we hope China understands our position and cooperates with us, he told StratNews Global Editor-in-Chief Nitin A. Gokhale in an exclusive interview.

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