Colombo [Sri Lanka], May 14 (ANI): China offered debt-stricken Sri Lanka more loans to overcome its economic distress amid rising protests in the country.
The slump is blamed on currency shortages caused by the travel ban imposed during the COVID-19 epidemic. However, Chinese loans are considered to be another major factor for debt-ridden Sri Lanka.
The Chinese loans surpassed lending by the World Bank and the Internation
Sri Lanka: Nation’s economic meltdown uncovers Chinese ‘debt-trap’ policy
