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International Business Times

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AFP News

Sri Lanka Cuts Key Interest Rates, Seeks China Deal

Bandula Gunawardana Dinesh Gunawardena Sri Lanka China Interest Rates International Monetary Fund Beijing

Sri Lankan Prime Minister Dinesh Gunawardena is in Beijing, the island's biggest bilateral creditor, seeking a debt restructuring deal crucial to maintaining an IMF bailout programme (Credit: AFP)

Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout.

Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor.

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