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Sri Lanka Seals Debt Deal With China, Others After Crash

People watch a live telecast as Sri Lanka's President Ranil Wickremesinghe addresses the nation in Colombo on June 26, 2024. Ishara S. KODIKARA / AFP

By Amal Jayasinghe

Sri Lanka said on Wednesday it had clinched a restructuring deal with key bilateral lender China and other nations, covering up to $10 billion in debt. This is a critical step towards recovery after the 2022 financial crash.

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