Follow CGSP on Social Media

Listen to the CGSP Podcast

China Faces Twin Pressure From U.S., IMF Over Debt Crisis in Sri Lanka

USAID Administrator Samantha Power singled out China in a speech in India on Wednesday for its failure to do more to resolve the burgeoning financial crisis in Sri Lanka. Tony KARUMBA / AFP

The Chinese government is under mounting pressure from both the United States and the International Monetary Fund to do more to help resolve the worsening debt crisis in Sri Lanka.

Colombo owes Beijing an estimated $6.5 billion, about 13% of the country’s total public debt, and even though that amount is significantly less than what Sri Lanka owes to other creditors, Washington’s top aid official Samantha Power and the IMF’s lead representative for the Asia-Pacific region both singled out China as key to resolving the crisis:

  • 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-Global South Project?


The China-Global South Project 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-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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