Sri Lanka’s Economy Has ‘Completely Collapsed’: PM (Zero Hedge)

  • Sri Lanka will hold a credit aid conference with IndiaChina, and Japan for loan packages.
  • Sri Lanka had also requested China to amend the terms of a $1.5 billion yuan-denominated swap facility that it signed last year, which stipulates that the fund can only be used provided that Sri Lanka has enough foreign reserves to last three months. About 10 percent of Sri Lanka’s $51 billion external debt is owed to China. READ MORE

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