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Reuters
Reuters
Business
By Jorgelina do Rosario and Uditha Jayasinghe

IMF says Sri Lanka needs to talk with China about debt restructuring

FILE PHOTO: International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017. REUTERS/Yuri Gripas

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.

"China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring," Krishna Srinivasan, director of the IMF's Asia and Pacific Department, told Reuters in an interview on Tuesday.

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