Follow CGSP on Social Media

Listen to the CGSP Podcast

After Zambia’s Successful Debt Restructuring, Sri Lankans Hope China Will Also Take the Lead to Help Resolve Their Crisis


Now that Zambia’s Creditor Committee reached a landmark debt restructuring deal with its bilateral lenders, there’s new optimism that the same will happen in Sri Lanka.

The South Asian island state is facing a full-scale economic collapse brought on in part by excessive borrowing including billions of dollars of loans from China. Earlier, Colombo was ineligible to join the G20’s Common Framework that Zambia used to restructure its debts because it was seen as too wealthy. Now, as the crisis is depleting its foreign reserves, that may no longer be the case.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?


The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.