Sri Lanka's president asks China to restructure debt repayments - Reuters

Chinese Foreign Minister Wang Yi arrives with Sri Lanka's President Gotabaya Rajapaksa and Sri Lanka's Sports Minister Namal Rajapaksa during his visit to Colombo Port city project, in Colombo, Sri Lanka, January 9, 2022.

COLOMBO, Jan 10 (Reuters) - Sri Lanka's President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of efforts to help the South Asian country weather a worsening financial crisis, his office said in a statement on Sunday.

Over the last decade China has lent Sri Lanka over $5 billion for highways, ports, an airport and a coal power plant.

Sri Lanka's central bank has repeatedly assured all debt repayments will be met and said funds for the January ISB has already been allocated