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Country: Sri Lanka

South Asian Leaders Gather in Kunming for China-South Asia Expo

Leaders from South Asian countries gathered in the southwest Chinese city of Kunming for the seventh China-South Asia Expo. It was an occasion for Chinese leaders to emphasize both trade and political ties. Chinese Foreign Minister Wang Yi told the guests that ...

Guessing China’s Military Basing Ambitions

By Lukas Fiala Occasionally, a new report reignites the debate over where China might place its next military base. And just in time for the PLA’s 96th anniversary on Tuesday this week a recent study from AidData sheds new light on the topic. ...

Is China Setting the Agenda for Global South Debt Restructuring?

In June, Zambia reached what's been described as a landmark debt restructuring deal that for the first time brought together the country's bilateral creditors including China, traditional Paris Club lenders and bondholders. While the deal ...

Sri Lanka’s Creditors Push for Greater Chinese Participation in Debt Talks

Three of Sri Lanka’s largest lenders are calling for its debt restructuring process to be sped up and for China to support the process. Officials from India, Japan, and France, the three heads of Sri Lanka’s creditor committee, are also raising new forms of cooperation in a bid ...

Communist Party of China Plans Arab Outreach

The Communist Party of China wants to sharply increase its coordination with Arab countries. This was a key takeaway from the mid-July's fourth China-Arab States Political Parties Dialogue, which brought CPC officials together with delegates from 67 political parties from across the Arab world. ...

Analysis from Cobus van Staden

Philippine Coastguard Removes Chinese South China Sea Barrier

The Philippine coastguard successfully removed a 300-meter floating barrier placed by the Chinese coastguard to bar access to the South China Sea’s Scarborough Shoal.
This follows an outcry in Manila during the weekend when images emerged of the barrier and Chinese coastguard patrols being used to keep Philippine fishing vessels out. 

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Sri Lanka Gets Relief from World Bank as FM Walks a Careful China Line

The World Bank announced $700 million in budgetary and welfare support to Sri Lanka on Thursday. The news comes as Sri Lanka’s Foreign Minister Ali Sabry met with China’s Finance Minister Liu Kun and Exim Bank chair Wu Fulin to discuss China’s central role in his country’s debt restructuring. ...

Backgrounder: China’s Emerging Playbook in South Asia

China’s outsized role in two key South Asian debt crises (Sri Lanka and Pakistan) and its fractious cross-border relationship with India have overshadowed a larger trend: Beijing is increasingly becoming an adept navigator of South Asian complexities in order to grow its own influence in the region.

Sri Lankan President Upbeat About Debt Deal Amid Geopolitical Pressure

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. ...

U.S. Treasury Secretary, Chinese Premier Both Scheduled to Attend Global Financial Conference in Paris

U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are both scheduled to attend the Summit for a New Global Financial Pact in Paris next week, where debt relief for the world's poorest countries is expected to be high on the agenda.

The World Bank and the IMF Are Not Aligned on China’s Response to Global South Debt Crisis

Just a few days after International Monetary Fund Managing Director Kristalina Georgieva said real progress is being made in unblocking the impasse between China and developing countries over debt relief, her counterpart at the World Bank, David Malpass, conveyed a very different message on Bloomberg Television. 
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