Sri Lanka Economic Crisis


Sri Lankan President Gotabaya Rajapaksa, left, and Chinese Foreign Minister Wang Yi arrive at the Chinese funded sea reclamation Port City project in Colombo, Sri Lanka, Jan. 9, 2022 .

Sri Lanka’s government said Tuesday it is discussing obtaining another loan from Beijing to repay some of its debt to Chinese banks after China told the nearly bankrupt island nation it was not in favor of restructuring the existing loans.

(AP Photo/Eranga Jayawardena, File)