After India, China offers financing assurances to Sri Lanka for IMF bailout package
Image Credit: FPJ
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to recover from its worst-ever economic crisis. The report was confirmed by Sri Lankan officials who did not want to be named.