Follow CGSP on Social Media

Listen to the CGSP Podcast

Sri Lankan President Upbeat About Debt Deal Amid Geopolitical Pressure

File image of Sri Lankan President Ranil Wickremesinghe. Image: Kazuhiro Nogi / AFP.

Sri Lankan President Ranil Wickremesinghe confirmed that Sri Lanka plans to announce a plan to deal with its domestic debt this week, in line with IMF benchmarks. In an interview with France24, he dismissed fears that China is delaying the process, after Chinese creditors didn’t join official debt talks in April.

Last week’s news that Zambia has concluded an initial debt restructuring deal with its major bilateral creditors raised hopes that similar deals could follow soon for other debt-distressed countries. However, Wickremesinghe was also at pains to reassure India (another major creditor) that the presence of Chinese companies at Sri Lankan ports doesn’t constitute a security threat.

  • 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.