Batticaloa MP Shanakiyan Rasamanickam accuses China of stalling Sri Lanka’s IMF deal and “forcing down” unnecessary projects by “paying bribes” to Sri Lankans. “If China is truly Sri Lanka’s friend, ask the Chinese to help with the [debt] restructuring and the IMF programme,” TNA legislator says in Parliament
By Meera Srinivasan As Sri Lanka works hard to obtain financing assurances from its diverse creditors — a pre-requisite for the provisional $2.9 billion-IMF package — the loans obtained from China, the island nation’s largest bilateral lender, have come under sharp focus. Earlier this week, Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe …

