Follow CGSP on Social Media

Listen to the CGSP Podcast

India’s External Affairs Minister Heads to Sri Lanka After China Sends Positive Signals on Debt Deal

File image of India's External Affairs Minister S. Jaishankar who is expected to arrive in Colombo on Thursday to discuss Sri Lanka's debt restrucutring process. MAXIM SHIPENKOV / POOL / AFP

The Sri Lankan government is now on the verge of closing a deal to secure a $2.9 billion emergency financial package from the International Monetary Fund following new assurances from its two largest bilateral creditors, India and China.

Colombo got the desperately needed backing this week from both Asian powers, following carefully choreographed diplomacy that includes a four-day visit by China’s International Department Vice Minister Chen Zhou that ends on Wednesday, a day before Indian External Affairs Minister S. Jaishankar is expected to arrive in Colombo for talks.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

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.

Analysis

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

Networking

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