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Reuters
Reuters
Business
By Uditha Jayasinghe

Sri Lanka holds debt restructuring talks with bilateral creditors

A general view of the business district in Colombo, Sri Lanka, September 10, 2020. Picture taken through a glass window. REUTERS/Dinuka Liyanawatte/File Photo

Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.

Sri Lanka has been gripped by a deep financial crisis this year caused by record-low foreign exchange reserves that has left the island of 22 million people struggling to pay for essential imports including fuel, food, cooking gas and medicine.

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