Cash-strapped Sri Lanka eyes China development

Cash-strapped Sri Lanka eyes China development …C0NTINUE READING HERE >>>

The Colombo Port City development is billed as the ‘gateway to Asia’.
Photo: Ishara S. KODIKARA / AFP
Source: AFP

Sri Lanka’s economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday’s presidential election are banking on at least one of them to buck the trend.

The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out of dollars to import essentials, sparking street protests that…

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